Equity Alert
US indices end higher on hope of rollback of some tariffs
This story was originally published at 08:12 IST on 6 November 2025
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Equity Alert: US indices end higher on hope of rollback of some tariffs
MUMBAI--0735 IST--US equity indices ended higher Wednesday after US Supreme Court judges grilled the US administration on President Donald Trump's reciprocal tariffs, raising hope that some of the levies might be rolled back. Additionally, ADP's national employment report showed private payrolls in the US rebounding in October and rising by 42,000, lifting sentiment.
The US apex court focussed its questions on the legality of reciprocal tariffs imposed by the administration on imports from several countries, under the International Emergency Economic Powers Act, CNBC reported. "We continue to see this sort of debate on ...how effective they are, I don't know we're going to know the tariff effect, the resolution of it and the price effect of it until the first quarter of next year, so that adds to this kind of disillusionment," Phil Blancato, chief market strategist at Osaic, was quoted by CNBC as saying.
The S&P 500 index Wednesday closed 0.4% higher, after falling in the previous session. The Nasdaq Composite index was up 0.7% and the Dow Jones Industrial average index gained 0.5%.
Among US companies that reported robust third quarter earnings, AMD posted higher-than-expected earnings for the September quarter, after which the stock ended over 2% higher. Among other technology stocks, Broadcom and Micron Technology ended 2% and 9% higher, respectively.
Following are the closing levels of US indices overnight:
|
INDEX |
LAST LEVEL |
CHANGE IN % |
|
Dow Jones Industrial Average |
47311 |
0.48 |
|
Nasdaq Composite |
23499.8 |
0.65 |
|
S&P 500 |
6796.29 |
0.37 |
(P. Madhu Kumar)
End
US$1 = INR 88.66
Edited by Nishant Maher
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