Stocks are pulling back Monday after hitting new all-time highs last week as investors contend with shifting tariffs, a new earnings season, and an inflation report that lands tomorrow. The S&P 500 fell 0.

President Donald Trump in recent days slapped tariffs as high as 50% on dozens of countries, restoring the type of aggressive trade policy that sent stocks plummeting a few months ago. The new round of levies prompted little more than a shrug on Wall Street.