Equity Alert
US mkt ends mixed; S&P 500 notches record high for 6th session
This story was originally published at 08:02 IST on 29 July 2025
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Equity Alert: US mkt ends mixed; S&P 500 notches record high for 6th session
MUMBAI--0743 IST--US equity indices ended mixed on Monday after choppy trade, with the S&P 500 and the Nasdaq Composite again closing at record highs. This was ahead of a slew of June quarter results from bellwether stocks Meta, Microsoft, Amazon, and Apple, which are likely to determine market sentiment for the short term. Currently, there is enthusiasm as the US has negotiated trade deals with a number of countries with the Aug. 1 deadline nearing.
"It's feel-good in the sense that it doesn't represent Armageddon, if the draconian tariffs went into place," Scott Welch, chief investment officer at Certuity in Potomac, Maryland was quoted as saying by Reuters. "But it's much too soon to pass judgment on the long-term effects on how that will play out. It's better than the alternative for sure, and so I hope they continue."
The S&P 500 index ended at 6389.77, up 1.1 points, and closed at a record high for the sixth straight session. The Nasdaq Composite closed at 21178.58, up 70.26 points, closing at a lifetime high. Among stocks, Nike climbed 3.9?ter JP Morgan upgraded the stock to "overweight" from "neutral" and said investors should "just buy it", as per a Reuters report. Meanwhile, S&P sectoral index pertaining to energy rose sharply after crude oil prices jumped 2%.
Traders now await a policy decision by the Federal Reserve on Wednesday. The central bank is widely expected to hold federal fund rates steady even as US President Donald Trump has exerted pressure on Fed Chair Jerome Powell to lower rates.
Following are the closing levels of US indices Monday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 44837.56 | (-)0.14 |
| NASDAQ Composite | 21178.58 | 0.33 |
| S&P 500 | 6389.77 | 0.02 |
(Gopika Balasubramanium)
End
US$1 = INR 86.67
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
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