Stocks rose early Monday, as traders appeared to shake off the latest U.S. tariff threat from President Donald Trump while they awaited key economic reports later in the week. SMCI, Lyft up 5%; Mobileye up 15%.

The market remains jittery on a mix of inflation worry coupled with concern over how Trump’s plan for tariffs could adversely affect the U.S. economy.

Trump told reporters on Sunday that he’s planning to announce a blanket 25% tariff on all steel and aluminum imports on Monday. Trump did not specify when the tariffs would be imposed and noted that he would also issue retaliatory tariffs on countries that tax U.S. imports. The news comes as Trump’s previously announced duties on China are set to go into effect at midnight on Sunday.

The threat of more tariffs comes ahead of a slew of economic data this week. The January consumer price index report is due out Wednesday at 8:30 a.m. ET, followed by initial weekly jobless claims and the producer price index on Thursday. Federal Reserve Chair Jerome Powell will also speak before Congress on Monday morning.

Investors will also look toward more major corporate earnings out this week, including Coca-Cola, Unilever and Applovin. McDonald’s on Monday reported disappointing quarterly revenue, but still saw its shares gain more than 1%.