The Dow surged by 500 points after Senate passed tax bill, with mixed performance in stocks.

From Barron’s: 2025-07-01 12:23:00

The Dow surged by 500 points, a 1.1% increase, while the S&P 500 remained steady. The Nasdaq Composite dropped 0.8% due to struggles by Tesla and other AI stocks post-successful second quarter. Meanwhile, nearly 400 S&P 500 stocks were on the rise, but some big names like GE Vernova and Palantir Technologies saw declines of 5% or more.

Dividend stocks, value stocks, and small-caps saw a rally, contrasting with the lagging momentum, growth, and riskier stocks like Tesla. The S&P 500 had numerous stocks showing positive movement, but notable companies such as Vistra and Constellation Energy experienced drops of at least 5%.

Read more: Dow Climbs 500 Points After Senate Passes Tax Bill