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Barchart
Barchart
Rich Asplund

Stocks Close Mixed after Higher Bond Yields and Tariff News

Donald Trump United States Nasdaq SP Mary Daly Raphael Bostic Atlanta Fed Eli Lilly Fortinet San Francisco Fed

The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.08%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.51%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.32%.  September E-mini S&P futures (ESU25) fell -0.04%, and September E-mini Nasdaq futures (NQU25) rose +0.38%.

Stock indexes gave up an early advance Thursday and settled mixed.  Stocks initially moved higher Thursday as technology stocks rose after President Trump announced late Wednesday that companies would be eligible for exemptions from his proposed 100% tariff on chip imports if they demonstrate a commitment to building their products in the US.  Market sentiment also improved on an easing of geopolitical risks after the Russian government confirmed that Presidents Putin and Trump will meet for summit talks on ending the war in Ukraine in the next few days. 

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