The Dow, S&P 500 and Nasdaq retreat from record highs as President Trump rolled out a fresh tariff against Canada, following Brazil hit. Meanwhile, the Federal Reserve and Chairman Powell are under fire for spending on renovations.

The U.S. investment bank goes through the reasons why the stock market keeps rising as new and higher tariff levels get announced.

Fastenal (FAST) kicked off Q2 earnings this morning with a solid beat: $2.08B in revenue, $0.29 EPS. It’s a small name, but it opens the floodgates for a week that includes JPMorgan, Wells Fargo, Citigroup, and tech giant Netflix.

CNBC's "Power Lunch" team discusses what stocks may be immune to tariffs with Skyler Weinand, chief investment officer at Regan Capital.

Scavino and two other top officials sold Trump Media stock with a combined value of up to $10 million before tariffs news

China’s corporate earnings growth likely slowed or was stagnant in the second quarter as the US ratcheted up trade tariffs, signaling that the latest results season may not offer much in terms of good news for stock investors.

Constellation Brands (NYSE:STZ) was the second biggest decliner in the S&P 500 Index on Monday as investors digested the weekend's tariff escalation and the resulting market anxiety. The company continues to be significantly affected by recent tariff developments,

A fresh batch of inflation risks were emerging in July as President Donald Trump escalated his trade war. Copper prices surged, tariff pressures bubbled up in earnings, and even a morning coffee could be getting more expensive.