Reported about 7 hours ago
US stock markets exhibited mixed results as President Trump's budget bill advanced through the Senate, leading to fluctuations in major indices. The S&P 500 dipped slightly after reaching a new high, while the tech-focused Nasdaq fell by about 0.9%, impacted notably by Tesla's stock retreat amid tensions between CEO Elon Musk and Trump over subsidies. Meanwhile, the Dow Jones Industrial Average saw an increase of approximately 1%. Investors closely monitored Fed Chair Jerome Powell’s comments regarding interest rates and labor market data, which revealed a rise in job openings.
Source: YAHOO