U.S. Stock Markets Steady Amid Tariff Negotiations and Corporate Earnings

The U.S. stock markets prepared for a steady open on Friday, buoyed by strong corporate earnings and ongoing tariff negotiations. This positive trend comes despite previous record highs for the S&P 500 and Nasdaq, highlighting investor optimism in the face of looming economic uncertainties.

In the backdrop of these gains, tensions surrounding U.S. tariffs persist, with the August 1 deadline for global trade agreements approaching. Investors are watching closely as the European Union and South Korea engage in critical negotiations with Washington, aiming to avoid heavy import tariffs that could upend market stability.

Amidst these economic developments, attention shifts to the U.S. Federal Reserve's upcoming decision on interest rates. Analysts speculate the central bank will maintain current rates, but President Trump has increased pressure on Fed Chair Jerome Powell over borrowing costs, a factor contributing to market volatility.

(With inputs from agencies.)