FX.co ★ US Stocks Cautious to Kick Off H2

On Tuesday, U.S. stocks experienced a slight decline, with the S&P 500 decreasing by 0.3% and the Nasdaq down by 0.5%, while the Dow Jones remained largely stable. This downturn followed the gains seen on Monday, during which the S&P 500 achieved its most robust quarterly performance since 2023. Investors continued to concentrate on ongoing trade negotiations and the discussions concerning the budget bill's passage. Market participants also anticipated significant economic data releases, such as the JOLTS report and the ISM Manufacturing PMI, alongside commentary from Fed Chair Jerome Powell at the ECB Central Bank Forum. Within the sectors, consumer discretionary recorded the most substantial losses, in contrast to consumer staples, which delivered stronger performance. Notably, Tesla's stock fell by over 6% amid escalating tensions between President Trump and the company's CEO, Elon Musk.