Mixed day for stocks with Dow surging, S&P 500 and Nasdaq slipping
From Yahoo Finance: 2025-07-01 12:11:00
- Stocks had a mixed day as the Dow surged over 400 points, but the S&P 500 and Nasdaq slipped. Tech stocks like Meta Platforms, Microsoft, Nvidia, and Tesla saw weakness, while non-tech stocks like UnitedHealth Group, Amgen, and Nike made gains.
- President Trump’s budget bill passed in the Senate, causing some market movement. CrowdStrike saw a swift decline in stock price after hitting a 52-week high within minutes of trading.
- Apple is considering using AI systems from Anthropic or OpenAI in its applications. President Trump’s remarks about Federal Reserve Chairman Jerome Powell did not impact the markets.
- The second half of 2025 began with tech stocks declining and classic industrial stocks gaining. The S&P 500, Nasdaq, and Nasdaq-100 indices were down, while the Dow Jones Industrial Average was up.
- The market rally may be due to investors reducing risk after a strong quarter. Senate Republicans are still debating aspects of President Trump’s tax bill, which could impact the deficit by $3 trillion. The ongoing feud between Trump and Elon Musk is also being closely monitored.
Read more at Yahoo Finance: Dow jumps; S&P 500 and Nasdaq slip