NEW YORK — U.S. stock indexes are hanging near their records on Monday following President Donald Trump’s latest updates to his tariffs, as speculation continues on Wall Street that the U.S president may ultimately back down on them.

Stock market today opens flat as investors assess Trump’s new tariffs, global market reaction, and upcoming Fed meeting minutes.

Several Wall Street investment banks and research organizations have recently lifted their year-end targets for the S&P 500. Bank of America and Goldman Sachs upwardly revised their outlooks in July, following Barclay, Citigroup, and Deutsche Bank, all of which raised their outlooks in June.