FX.co ★ US Stocks Mixed

On Tuesday, the S&P 500 hovered around the flatline as the Nasdaq inched up by 0.2%, while the Dow Jones decreased by 70 points as investors analyzed recent trade updates. The markets reacted to President Trump's revelation of revised tariff rates impacting 14 countries that are yet to finalize trade agreements with the United States. Additionally, reports suggested that the U.S. has proposed a deal to the European Union, maintaining a 10% baseline tariff. Investors found some reassurance in the extended timeline for negotiations, with the new tariffs scheduled to come into effect on August 1st, providing additional time for agreement negotiations. The utilities sector underperformed, whereas the energy and health sectors recorded the most significant gains. In corporate news, Tesla's shares rose nearly 1%, recovering from a 6.8% drop on Monday. Other major tech stocks displayed mixed results, with Nvidia gaining 0.4%, Meta climbing 0.2%, Broadcom advancing 0.6%, and Alphabet increasing by 0.2%, while Microsoft fell by 0.2%, Apple slipped by 0.6%, and Amazon declined by 0.3%.