Equity Alert
US indices end mixed as US-China trade hostilities continue
This story was originally published at 07:59 IST on 15 October 2025
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Equity Alert: US indices end mixed as US-China trade hostilities continue
MUMBAI--0740 IST--Stock indices in the US ended mixed after a volatile session of trade on Tuesday. Fresh trade-related hostilities between the US and China turned sentiment negative after US President Donald Trump criticised China for its refusal to buy US soybean. The market had opened lower after China imposed sanctions on five of Hanwa Ocean's US subsidiaries, barring individuals and organisations in China, from doing business with US companies. Gains in banks after largely positive quarterly results helped limit the decline in the US market.
Shares of Wells Fargo ended over 7% higher and Citigroup rose nearly 4?ter both lenders beat estimates for September quarter profit. JPMorgan Chase raised its full-year forecast for net interest income and Goldman Sachs raised estimates for quarterly profit, but both banks ended slightly lower. BlackRock's assets under management hit a record $13.46 trillion, sending its shares 3% higher at closing, Reuters reported.
The Dow Jones Industrial Average closed the session 0.4% higher, led by gains in industrial stocks. Shares of Caterpillar rose almost 5?ter JP Morgan raised its price target on the stock, according to a Reuters report. Shares of Walmart rose 5?ter the retailer said it was partnering with OpenAI to enable customers and Sam's Club members to shop directly within ChatGPT.
The Nasdaq Composite closed almost 0.8% lower and the S&P 500 fell nearly 0.2%. Shares of technology companies such as Nvidia, Amazon, and Broadcom fell 2–4%. China's decision to not buy US soybean was "an economically hostile act", Trump posted on Truth Social Tuesday. He also threatened to consider "retribution" such as an embargo on cooking oil.
"It's just not clear what the off-ramp is as we head into the month's end for China and the US when it comes to trade tensions, and I think that's something the market is still trying to deal with," Rob Haworth, senior investment strategy director at US Bank Wealth Management, was quoted by CNBC as saying. "That's some of what's driving market sentiment now, even though...the earnings reports this morning tell us the financial sector appears to be doing well, and the consumer appears still healthy."
The Cboe Volatility index, which is considered Wall Street's fear gauge, rose above Friday's closing level at one point on Tuesday, signalling renewed angst on Wall Street that there will be no easy solution to the trade war with China and hedging for future losses using options may make some sense, according to a CNBC report.
Following are the closing levels of US indices Tuesday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6644.31 |
(-)0.16 |
|
NASDAQ Composite |
22521.70 |
(-)0.76 |
|
Dow Jones Industrial Average |
46270.46 |
0.44 |
(Eshitva Prakash)
End
US$1 = INR 88.80
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
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