US Stock Market: S&P 500, Nasdaq Composite hit fresh highs, Dow Jones drops

US stock market's broad-based index S&P 500 mustered a 0.1 percent gain to 6,305.60, a fresh record. The tech-rich Nasdaq Composite Index also ended at a record, winning 0.4 percent to 20,974.17, while the Dow Jones Industrial Average dipped less than 0.1 percent to 44,323.07. Wall Street stocks finished mostly higher Monday following a quiet session ahead of earnings reports later in the week from General Motors, Google parent Alphabet and other influential companies. Equities drifted downwards towards the end of the session

"There is obviously momentum here," said FHN Financial Chris Low, who cited an improving US economic outlook after forecasters earlier in the year had warned of recession.

But Low said upcoming earnings conference calls with tech giants will be important, because the sector is potentially in the "crosshairs" of tariff negotiations.


US President Donald Trump has threatened to impose a series of significant tariff hikes on August 1 if there are no deals with major trading partners.

Among individual companies, Verizo jumped 4.1 percent after reporting better than expected earnings. Analysts cited a 5.2 percent rise in revenues as meaningful given the company's sales trends in recent times.

Alaska Air Group fell 1.0 percent after an IT outage prompted a three-hour ground stop that disrupted operations at the carrier and at affiliate Horizon Air. Alaska said it was working to restore normal service.

FAQs

Q1. What are key indexes of US Stock Market?
A1. Key indexes of US Stock Market are S&P 500, Nasdaq Composite, and Dow Jones.

Q2. What do we know about Trump Tariffs?
A2. US President Donald Trump has threatened to impose a series of significant tariff hikes on August 1 if there are no deals with major trading partners.