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

U.S. stocks are lower on Monday after a three-day holiday break as investors keep an eye out for more trade-related developments.

Newly added IBD SwingTrade r name Palantir Technologies bucked a losing trend and bolted more than 3% higher on the stock market today. Shares are extended from a late-stage cup-with-handle base with a 125.25 buy point. Shares have climbed around 82% so far this year.