Nasdaq Turns Lower After Bessent’s Comments on Trade

From Dow Jones & Company: 2025-05-07 11:16:00

The Nasdaq Composite fell after remarks on trade from Treasury Secretary Scott Bessent. The tech-heavy index dropped 0.3%, while the S&P 500 remained flat. The Dow rose 0.4% or 150 points. Bessent’s comments came during his testimony before the House Financial Services Committee, where he refrained from revealing details on potential trade deals.



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