By Sinéad Carew and Pranav Kashyap

(Reuters) – The New York Stock Exchange ended in order dispersed on Tuesday, only the Nasdaq recording a slight increase after a volatile session, while investors were looking for clarity about the trade policy of the American president Donald Trump, whose new threats of customs rights have harmed hopes on agreements with certain partners.

The Dow Jones index sold 0.37%, or 165.60 points, to 44,240.76 points.

The wider S&P-500 lost 4.46 points, or 0.07%, to 6,225.52 points.

The Nasdaq Composite advanced on its side of 5.95 points (0.03%) at 20,418.46 points.

Wall Street had already marked a net withdrawn on Monday after Donald Trump warned several business partners, including Japan and South Korea, that important customs duties would be levied from August 1.

If the main New York indices did not fall as much during the day’s meeting, the S & P-500 and the Nasdaq switched to red after alternating gains and losses, due to the lack of clear direction, because of the questions about customs duties.

At midday, Donald Trump seemed to want to accentuate his world trade war by announcing that he was going to set up 50% customs taxes on copper imports and reiterating his intention to take large customs duties on semiconductors and the pharmaceutical sector.

The American president also said that trade negotiations were advancing positively with China and the European Union, while warning that the latter should receive a warning letter shortly.

“It is a bit like the markets waiting to expire” while investors are watching for new information on customs duties, commented Carol Schleif, chief strategist of BMO Private Wealth, in Minneapolis.

“The fact that the markets are still held to a hair of their historic peaks shows that investors are ready to grant the benefit of doubt when reading the headlines,” she said.

Upstream of the start of the results season, she added, investors are probably relieved that the US Congress adopted last week the vast budget draft desired by Donald Trump, which provides tax alleys favorable to businesses.

In addition, investors are waiting for the publication on Wednesday of the last monetary policy meeting on the Federal Reserve (FED) on Wednesday, scrutinizing possible indices on drops in the American central bank.

Only five of the eleven major sectors of the S & P-500 finished the session up, at the forefront of which the energy which took 2.72%. So -called defensive sectors, such as public services, have sold more than 1%.

On the values ​​side, note, Tesla has rebounded 1.3% after having recorded its most important daily withdrawal the day before for about a month.

The Freeport-McMoran mining company seems to have benefited from the prospect of significant customs duties on copper, ending the session up 2.5%. Moderna recorded an 8.8%leap, the highest increase in the day on the S & P-500, after medical organizations filed a complaint against the American Department of Health, accusing it of policies with regard to anti-Cavid vaccines described as a threat to public health.

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(Written by Jean Terzian)

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