Overview of Wall Street’s Performance
On Monday, Wall Street concluded a mixed trading session. Investors remain cautious as the deadline set by US President Donald Trump for the implementation of tariffs on his trading partners approaches.
- Dow Jones Industrial Average: 0.04% decrease to 44,323.07 points
- S&P 500: 0.14% increase to 6,305.60 points
- Nasdaq Composite: 0.38% increase to 20,974.17 points
US Trade Negotiations and Key Company Updates
According to US Treasury Secretary Steven Mnuchin, the Trump administration prioritizes the quality of trade agreements over the timeline. The deadline for implementing tariffs, set for August 1st, is fast approaching.
Investors are preparing for this week’s quarterly reports from two major technology companies with high capitalization: Alphabet (+2.72%) and Tesla (-0.34%). These companies are part of the well-known “Seven Magnificent” group, which will soon begin their reporting season.
Sector Performance and Notable Company Moves
Seven out of the eleven primary sectors of the S&P 500 closed with gains, led by communication services, boosted by Meta’s (+1.20%) performance.
- Within the Dow Jones, Verizon (+4.04%) stood out after reporting better-than-expected quarterly results.
Key Questions and Answers
- What is the overall performance of Wall Street? Wall Street ended the day mixed, with the Dow Jones Industrial Average slightly down, S&P 500 up, and Nasdaq Composite also up.
- Why are investors cautious? Investors are concerned about the approaching August 1st deadline for US tariffs on trading partners, set by President Donald Trump.
- What are the key company updates? Alphabet and Tesla are set to release their quarterly reports this week, while Verizon reported better-than-expected results, driving its stock price up by 4.04%.
