Equity Alert
US indices end lower as weak economic data weighs on sentiment
This story was originally published at 07:43 IST on 6 August 2025
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Equity Alert: US indices end lower as weak economic data weighs on sentiment
MUMBAI--0723 IST--US indices ended lower Tuesday as weaker-than-expected economic data weighed on sentiment. Investors were cautious as they assessed US tariff-related news and policies. All three major indices ended the session lower, with the Nasdaq Composite seeing the biggest fall.
The country's non-manufacturing purchasing managers' index unexpectedly fell to 50.1 in July from 50.8 in June. Economists polled by Reuters had forecast the services PMI would rise to 51.5. A PMI reading above 50 indicates growth in the services sector. Input costs surged the most in nearly three years while orders were broadly unchanged, indicating that the US services sector may be facing jitters from the massive reciprocal tariffs.
Investors digested comments about tariffs from several companies, including Caterpillar, which warned of an up to $1.5 billion hit in 2025, Reuters reported. Palantir rose 8% as the defence technology company said its revenue in the reporting quarter surpassed $1 billion for the first time. On other hand, Eaton dipped 7% due to disappointing guidance, CNBC reported.
"Today we're seeing the market pull back a little bit, (but) equities have been on a nice run...we're probably due for a period of consolidation, some backing and filling, so to speak," CNBC reported Terry Sandven, chief equity strategist at US Bank Asset Management, as saying.
Following are the closing levels of US indices Tuesday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 43588.58 | (-)1.23 |
| NASDAQ Composite | 20650.132 | (-)2.24 |
| S&P 500 | 6238.01 | (-)1.60 |
(Akash Mandal)
End
Edited by Akul Nishant Akhoury
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