FX.co ★ S&P 500, Nasdaq Rise, Dow Falls

The S&P 500 and Nasdaq experienced an uptick of 0.2%, whereas the Dow Jones fell by approximately 40 points. This shift came as producer price data, coming in softer than anticipated, alleviated worries about inflation due to tariffs. This data indicates that inflationary pressures linked to trade measures have not yet emerged. Meanwhile, initial jobless claims slightly exceeded expectations. Nevertheless, renewed uncertainty surrounding trade negatively impacted investor sentiment. President Trump announced his intention to send formal notifications to major trading partners within the next one to two weeks, detailing unilateral tariffs to advocate for trade agreements. This announcement precedes the end of a 90-day suspension on reciprocal tariffs. Despite the President's assertion of having reached a "great deal" with China, market sentiment remained cautious. The industrials, communication services, and financial sectors recorded losses, while the technology and utilities sectors saw gains.