The New York Stock Exchange wrapped up the first trading day of the week with a mixed performance as President Donald Trump’s comments on China continued. At the close, the Dow Jones index lost over 300 points, dropping by 0.91% to 37,965.60 points. The S&P 500 index slipped by 0.23% to 5,062.25 points, while the Nasdaq index increased by 0.10% to 15,603.26 points. Reports that President Trump is considering suspending tariffs for 90 days led investors to briefly feel optimistic and brought about a temporary recovery in the indices. However, after the White House denied these reports, the indices once again started to decline. President Trump heightened tensions by stating that if China does not withdraw the retaliatory 34% tariffs it announced, the US would impose an additional 50% tariff on the country. Trump mentioned having spoken with Japanese Prime Minister Yoshihide Suga, who will send a high-level team to negotiate the tariffs. Concerns about tariffs slowing down economic growth and increasing inflationary pressures persisted, causing the US 10-year bond yield to rise to 4.22%. Statements from Federal Reserve (Fed) officials were closely monitored, with Fed Board Member Adriana Kugler emphasizing that keeping inflation in check should be the Fed’s main focus. Analysts noted that the release of the Consumer Price Index (CPI) on Thursday and the Producer Price Index (PPI) on Friday would be watched for further insights into the trajectory of inflation in the US.