Wall Street is bracing for a series of labor-market data releases this week, including the government’s benchmark reading for May job gains, as investors look through tariff-related headlines and into the true effects of President Donald Trump’s economic strategy.

U.S. stock indexes drifted closer to their records on Monday, coming off their stellar May, which was Wall Street’s best month since 2023. The S&P 500 rose 0.4% after erasing an early loss from the morning.

President Donald Trump wants his “big, beautiful” bill of tax breaks and spending cuts on his desk to be singed into law by Independence Day

Senate Republicans will examine the potential impact of a so-called “revenge” tax buried in President Donald Trump’s massive fiscal package before passing the measure, Majority Leader John Thune said Monday.

The Senate is returning to Washington on Monday with President Donald Trump’s massive tax and immigration package high on the agenda. Republicans are seeking to send the One Big Beautiful Bill to Trump’s desk by July 4.