S&P 500, Dow Snap Two-Day Winning Streaks
The three major US stock indices finished mixed on Tuesday as investors weighed a new round of corporate earnings and ongoing concerns over tariffs and trade policy uncertainty.
The S&P 500 and the Dow Jones lost 0.2% and 0.4%, respectively, snapping a two-day winning streak, while the Nasdaq 100 added nearly 0.2%.
President Trump said that China must return to the negotiating table to ease tariffs, emphasizing the importance of U.S. consumer demand. Markets had gained Monday on hopes of a pause in auto tariffs and exemptions for some tech goods. Financials offered some relief, with Bank of America up 3.6% and Citigroup gaining 1.7% on strong earnings.
Johnson & Johnson slipped 0.5% despite beating estimates, while Boeing dropped 2.4% after reports that Beijing instructed Chinese airlines to halt new jet orders, escalating trade tensions between the world’s two largest economies.
Source: Trading Economics