The S&P 500 and the Nasdaq fell modestly on Monday as investors assessed President Donald Trump's latest tariff announcement ahead of the Federal Reserve's monetary policy decision later this week.
On Sunday, Trump announced a 100 percent tariff on films produced outside the U.S. but provided no details on how such levies would be implemented.
Since early April, stocks have been volatile since Trump announced his first round of tariffs, with the S&P 500 initially dropping nearly 15 percent, only to stabilize and climb for the last nine straight sessions, its longest streak since 2004.
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