The Dow Jones Industrial Average outperformed, closing up 400 points, while the Nasdaq gave back nearly 1%, with Tesla and NVIDIA leading the decline in tech stocks

AASTOCKS
2025.07.01 20:07

U.S. stocks showed mixed performance on the first day of the second half of the year. The S&P 500 index and Nasdaq retreated after hitting record highs on Monday, while the Dow Jones Industrial Average outperformed, rising 400 points or 0.9% to close at 44,494 points. Weighed down by technology stocks, the Nasdaq fell 166 points or 0.8% to close at 20,202 points; the S&P 500 index closed down 6 points or 0.1% at 6,198 points.

U.S. President Trump and Tesla (TSLA.US) CEO Elon Musk engaged in another war of words, with Trump stating late Monday on social media that the federal government should consider cutting subsidies to Musk's companies, leading to a 5.3% drop in Tesla (TSLA.US) stock on Tuesday.

Chip stocks declined, with NVIDIA (NVDA.US) down 3%, and AMD (AMD.US) and Broadcom (AVGO.US) both down 4%.

Large tech stocks had mixed results, with Apple (AAPL.US) up 1.3% and Amazon (AMZN.US) up 0.5%. Meta (META.US) fell 2.6%, and Microsoft (MSFT.US) dropped 1%.

Stablecoin issuer Circle (CRCL.US) has submitted a bank charter application to the Office of the Comptroller of the Currency, with its stock price fluctuating up 6.2%

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