Plus, new congressional maps passed in the Texas House could take effect by the end of the week. Similar redistricting efforts are under consideration in Indiana, Missouri and Florida.

Retailers including Lowe’s and Walmart will hold earnings calls this week, which could indicate the impact of tariffs on spending.

Treasury Secretary Scott Bessent indicated that the US is satisfied with the current tariff arrangement with China, a signal the Trump administration is looking to keep ties calm before a trade truce expires in November.

Treasury Secretary Scott Bessent says that tariff revenue is likely to exceed $300 billion this year, adds that the funds could help pay down the nation's debt.

Estee Lauder said on Wednesday it would cut inventory and promotions to help mitigate rising costs, after the luxury cosmetic maker warned that a $100 million hit from tariffs would weigh on its annual profit forecast.

Family offices are known to invest for the long haul, sometimes for generations. But after President Donald Trump' s tariff announcements in April, the family offices of billionaire investors were quick to make significant changes to their portfolios, according to second-quarter securities filings analyzed by CNBC.

President Trump's on-again, off-again tariffs have created roller-coaster volatility for markets, but experts believe these ETFs could fare better.

Minutes from the Fed's July policy meeting revealed policymakers prioritized tariff-driven inflation risks over labor market concerns when keeping interest rates unchanged.