Stocks fall on August 1, 2025, as Trump’s tariffs spark trade fears and Amazon’s earnings disappoint investors.

US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels.

Moderna stock was falling in Friday’s premarket after the drugmaker’s better-than-expected quarterly results were overshadowed by a cut to the high end of its full-year outlook. It posted a second-quarter loss per share came of $2.