US equities declined on Monday as investors awaited updates on trade deals and the earnings reports from major companies, particularly the Magnificent 7: Microsoft, Meta, Apple, and Amazon. Following a positive week, the S&P 500 and Nasdaq Composite dropped, with the indexes showing losses of up to 1.4% and 1.7%, respectively. Treasury Secretary Scott Bessent stated that it's essential for China to de-escalate the ongoing trade situation, emphasizing the unsustainability of high tariffs. This week's earnings from Microsoft and Meta on Wednesday and Apple and Amazon on Thursday are highly anticipated, particularly regarding Apple's exposure to potential tariffs impacting its Chinese supply chain. Any significant tariff increase on Apple could have broader implications for the US economy, affecting consumer finances and retirement accounts. The article highlights that Alphabet's recent concerns about ad spend due to tariff-related costs and Tesla's acknowledgment of the potential negative impact of tariffs on its business remain central topics as the week unfolds.

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