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US stock indexes closed mixed in the first session of the second half of 2025, as investors monitored developments in Trump’s trade policies and comments from the Federal Reserve Chair regarding inflation and monetary policy in the world’s largest economy.
The Dow Jones Industrial Average rose by 0.91%, or 400 points, to reach 44,494 points.
The broader S&P 500 index declined by 0.11%, or 6 points, to 6,198 points, while the Nasdaq Composite dropped by 0.82%, or 166 points, to 20,202 points.
The Stoxx Europe 600 index fell by 0.20% to 540 points, with mixed performance across major sectors and stock exchanges.
Germany’s DAX index dropped by 1% to 23,673 points, while France’s CAC 40 remained flat at 7,662 points. The UK’s FTSE 100 edged up 0.30% to 8,785 points.
Japan’s Nikkei 225 index declined by 1.25% to 39,986 points, ending a 5-session winning streak, while the broader TOPIX index fell by 0.75% to 2,832 points.
Brent crude futures for September delivery rose by 0.55%, or 37 cents, to $67.11 per barrel.
US WTI crude futures for August delivery increased by 0.52%, or 34 cents, to $65.45 per barrel.
Futures contracts for August delivery of the gold climbed by 1.30%, or $42.10, to $3349.80 per ounce at settlement.
US President Donald Trump said in a press statement on Tuesday that he was not thinking of extending the July 9 deadline for trade agreement negotiations, expressing doubt over the possibility of reaching a deal with Japan.
The US Senate today passed the tax and spending bill with a simple majority, sending it back to the House of Representatives for a vote on the amendments made before it can be ratified by Trump, whose administration indicated the potential release of some trade agreements after the bill's completion.
Separately, Federal Reserve Chair Jerome Powell stated that it would have likely cut interest rates by now had it not been for President Donald Trump's sweeping tariffs, noting that inflation has fallen close to the target level.
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