Dow rises, Nasdaq falls as Trump ratchets up China tensions

[ad_1] 00:00 Josh

Yahoo Finance's Brooke DiPalma joins us now with the newest market motion. Brooke.

00:04 Brooke DiPalma

Good afternoon, Josh. We're seeing all three main indices shut now with a little bit of a blended image. We do have the Dow uh shifting larger, however the Nasdaq and the S&P 500 falling, particularly after a number of moments in the past, we did see President Trump take to take to Reality Social to share this. He mentioned on Reality Social that he believes China purposefully shouldn't be shopping for our soy beans and inflicting issue for our soy being farmers is an economically hostile act. Now he went on to say that for instance, we are able to simply produce cooking oil ourselves so we don't must buy it from China. And primarily based upon that Reality Social, in the previous few minutes of buying and selling, the immediately's buying and selling session, we did see that flip in reversal with regards to the Nasdaq. As you may see proper right here, the Nasdaq was additionally shifting decrease however the S&P 500, particularly, you may see proper right here in direction of the shut, we did see that reversal from uh the momentum that we had been gaining in the midst of the day after Jerome Powell had spoke round midday. Now, in Jerome Powell's remark,

00:54 Brooke DiPalma

he indicated that the Federal Reserve will deal with inflation and employment. He did say some deterioration inside employment is extending. And so we noticed that reversal inside uh the S&P 500 round midday, tick to the upside. After which primarily based upon that Reality Social tweet, or relatively publish, we did see that reversal. And so now we've got the S&P 500, that indice index transfer uh decrease down practically 2/tenth of a % on the shut. We even have the Nasdaq that uh index actually simply didn't flip to the upside immediately in any respect. It is now closing down practically 8/tenth of a %, however the Dow was in a position to reverse and maintain on to some momentum, as soon as once more, flipping round midday and now closing larger up about 4/tenth of a %. However I do need to take a more in-depth look as a result of what we're seeing here's a little bit of a blended image with regards to semiconductor shares. Now we have AMD, that inventory moved larger and it now closed up about 8/tenth of a % primarily based upon this deal that Oracle goes to speculate and purchase uh AI chips from AMD. That inventory holding on to momentum within the shut. In the meantime, Broadcom, actually pairing again the good points that it is bought on Monday after it introduced a take care of OpenAI. That inventory now down on the shut, down about 3 and 1/2%.

01:53 Brooke DiPalma

And Nvidia, this inventory simply was not in a position to maintain on to the momentum that it had earlier on Monday and it did keep, you already know, largely within the pink immediately and did shut decrease down about 4.4% on the shut. However what I discover actually fascinating right here is when you check out transport shares, it is a totally different image right here, totally different market that we're right here. As a result of United, properly that firm is predicted to report earnings after market shut on Wednesday and it was in a position to transfer larger up about 4% forward of that. and that is after Delta actually reported a robust report final week. That top off greater than 8% over the previous 5 days. Having a look although on the broader image right here, the Nasdaq,

02:29 Brooke DiPalma

largely a little bit of a blended image with Nvidia, Microsoft, Amazon, and Meta down immediately. Apple and Google shifting larger. So as soon as once more, taking a step again, little bit of a blended image right here with the Dow in a position to maintain on to the momentum, however the Nasdaq and S&P 500 shifting decrease on the shut.