Markets are seeking clarity on President Trump's tariffs, with the president targeting Aug. 1 for new country-specific tariffs.

Shares of Microchip Technology Incorporated MCHP rose sharply during Tuesday's session. Mizuho analyst Vijay Rakesh maintained Microchip Technology with an Outperform rating and raised the price target from $78 to $85. Microchip Technology shares jumped 4.1% to $74.36 on Tuesday.

The S&P 500 and Nasdaq Composite pulled back from record levels as investors await President Trump’s new trade deals and tariff updates. Tesla shares sank after CEO Elon Musk jumps back into politics.

Wall Street's main indexes opened lower due to tariff tensions and Tesla shares fell as CEO Elon Musk unveiled plans for a political party. The Dow Jones fell by 25.2 points, the S&P 500 dropped 20.3 points,

US stock market today took a dip as President Trump announced fresh tariff threats, shaking investor confidence. The Dow, S&P 500, and Nasdaq all closed lower on Monday, with Tesla stock sliding amid political uncertainty.

Wall Street stocks closed sharply lower on Monday as Trump issued tariff warnings to nearly 12 countries. The Dow Jones Industrial Average fell 422 points (0.9%), while the S&P 500 and Nasdaq each dropped 0.

Shares of technology companies fell as Elon Musk's latest feud with President Donald Trump weighed on Tesla shares. Shares of the electric car maker slid by almost 7% after Musk vowed to field candidates for a new party in the upcoming mid-term elections, stoking fears of reprisal and distraction.

The Dow Jones average and the other major indexes fell on the stock market today. Tesla tumbled while detention center stocks jumped.