S&P 500, NASDAQ Reach for New Records. Dow Isn't Far Behind.
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Just a day after the S&P 500 and Nasdaq climbed into record territory, both indexes notched fresh intraday highs on Friday. However, weakness in American Express ( AXP) and 3M ( MMM) dragged on the Dow, leaving markets muted as a whole.
The S&P 500 and Nasdaq Composite ended little changed on Friday, overcoming a brief dip triggered by a Financial Times report indicating U.S. President Donald Trump was pushing for steep new tariffs on European Union products.
Dow Jones pulled back as 3M declined by 4.2%. The stock found itself under pressure despite the strong earnings report. Traders decided to use the report as an opportunity to take profits near yearly highs.
June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
Stock index futures fell on Monday after President Donald Trump imposed a 30% tariff on imports from the European Union and Mexico, while traders braced for a busy week of bank earnings and economic data.
Dow Inc. (DOW) ended the recent trading session at $27.15, demonstrating a +1.23% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.8%.
Trump’s tariffs and trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.