Morning Brief Stocks steady as tariffs, earnings, and Fed stay in focus
US stocks hold near record highs as investors eye ongoing U.S.-China tariff talks and watch for second quarter earnings from giants like General Motors (GM) and Coca-Cola (KO). GM reported a $1.1 billion profit hit from Trump’s tariffs with no near-term fix, while Coke beat expectations and will launch a new cane sugar product this fall. Fed Chair Powell faces growing political pressure as he delivers remarks before next week’s policy meeting. Treasury Secretary Bessett’s China talks could delay an August tariff deadline. Lockheed Martin (LMT), AstraZeneca (AZN), and DR Horton (DHI) are among trending tickers.
Takeaways:
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Stocks near record highs as tariff and Fed uncertainty continue
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GM sees $1.1B tariff hit; Coca-Cola beats and plans new cane sugar launch
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Market shrugs off trade headlines, eyes second quarter earnings
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