Key Points The EV industry is struggling, and Trump administration policies could make things worse. The future of upstart EV maker Rivian will depend on its transition to lower-priced vehicles.10 ...

The S&P 500 retreated 0.8% from its all-time high, and bond yields ticked higher. The Dow industrials fell 0.9%.

Stocks rose 0.7% in Jakarta after Trump said Tuesday that he plans to charge imports from Indonesia a tariff of 19%, instead of the 32% that he had threatened earlier, after reaching a trade deal.

The president noted that U.S. negotiators remained open to offers from trading partners, suggesting that tariffs could be reduced before — or even after — the deadline on Aug. 1.

Airline stocks rally after Delta beats Q2 earnings and revenue estimates. Trump’s 50% Brazil tariffs trigger sharp 3.3% drop in Brazilian ETF. Get special access to three exclusive "Top 10 ...