Dow Jones, S&P Continue to Fall, Nasdaq Also Rises Slightly!

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US stocks showed mixed movements after the S&P 500 closed lower in an uncertain session as investors continued to await clarity on the country's trade policy.


This situation was due to the latest tariff threats by President Donald Trump that have undermined hopes for the success of trade negotiations with several trading partners.


Wall Street equity markets saw a massive sell-off after Trump warned that he would impose new tariffs on goods from countries such as Japan, South Korea and others starting in August.


Trump also announced a 50% tariff on imported copper yesterday, and indicated that levies on semiconductors and pharmaceutical products would be implemented soon.


Trump also said that trade negotiations with the European Union (EU) and China were going well, but he only has a few days left to send a tariff notice to the EU.


The Dow Jones Industrial Average fell 0.37% to 165.60 points, the S&P 500 fell 0.07% to 4.46 points, while the technology-focused Nasdaq rose 0.03% to 5.95 points.


Of the 11 major sectors in the S&P 500, only five posted gains. The energy index jumped 2.72%, while the consumer goods and utilities sectors each fell more than 1%.


In other developments, electric vehicle (EV) shares, Tesla rose 1.3% after recording their biggest daily drop in a month the previous day.


Shares of Freeport-McMoRan, a US copper miner, rose 2.5% on expectations that it will benefit from the imposition of import tariffs on the metal.


Investors are now awaiting the FOMC meeting minutes report, which will be released early Thursday morning, for clues on the direction of monetary policy.


US stock market trading volume recorded $17.03 billion compared to an average of $18.31 billion over the full 20 trading days.

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