Equity Alert
US indices end higher on likely promising US-EU trade deal
This story was originally published at 07:52 IST on 24 July 2025
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Equity Alert: US indices end higher on likely promising US-EU trade deal
MUMBAI--0735 IST--US indices ended higher Wednesday as traders rejoiced the possibility of a trade deal between the US and the European Union with lower import duties likely on European goods, similar to the agreement US President Donald Trump landed with Japan. Both S&P 500 and the Nasdaq Composite closed at a record high once again on Wednesday.
The White House's deal with the EU would include a broader 15% tariff on EU goods that enter the US coast, Reuters reported, quoting two diplomats. This rate could also extend to cars imported from the region to the US, the report said. "The key thing is the markets have confidence that the White House is going to continue to work through these trade deals," Reuters reported Larry Tentarelli, chief technical strategist for Blue Chip Daily Trend Report, as saying.
The S&P 500 closed 0.8% higher at 6358.91 points and the Nasdaq gained 0.6% to end at 21020.02 points on Wednesday, ending at their respective lifetime highs. The Dow Jones Industrial Average closed at 45010.29 points, up 1.1%.
Tesla closed slightly higher ahead of its quarterly earnings report. Investors will focus on the updates from the electric vehicle maker's analyst conference call. Meanwhile, shares of GE Vernova closed 14.6% higher after the power equipment maker raised its revenue and free cash flow forecasts and beat Wall Street estimates for June quarter profit.
Following are the closing levels of US indices Wednesday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 45010.29 | 1.14 |
| NASDAQ Composite | 21020.02 | 0.61 |
| S&P 500 | 6358.91 | 0.78 |
(Gopika Balasubramanium)
End
US$1 = INR 86.40
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Tanima Banerjee
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