In opposite directions closed her markers Wall Streetwith Dow Jones reinforced as investors abandoned technology sharesstarting the second half of 2025 by turning to other branches.
Wall Street shares were closely following the latest developments around the new giant tax and budgetary package of President Donald Trump, as well as statements by Federal Bank President Jerome Powell.
The S&P 500 fell 0.12%, while Nasdaq fell 0.82%. Dow Jones, on the other hand, stood out, rising 438 points or 0.99%.
Investors have abandoned technological giants, such as Nvidia and Microsoft, and preferred to place themselves in the health sector.
Anthony Saglimbene, Ameriprise Strategic Investment Strategy, told CNBC:
“In the last two months of the quarter there was a strong risk. Markets supported shares with strong structural growth levers, such as artificial intelligence and technology. I think this trade is exhausted. “
At the same time, Tesla fell a strong decline after President Trump’s statement on the Truth Social platform, calling on the newly established government ministry to investigate the state subsidies received by Elon Musk’s companies.
Musk himself described Trump’s bill as “absolutely crazy and destructive” during the weekend. In response to the president’s new post, he wrote on the X platform:
“I say clearly: Cut them all. Now.”
This is not the first time that the two men have clashed over fiscal policy. A corresponding controversy had erupted earlier in the year.
The bill was approved by the Senate on Tuesday with 51 votes in favor and 50 against, and now passes to the House, which can still reject or amend the text.
Earlier in the day, Jerome Powell, on a European Central Bank panel in Portugal, confirmed that the Fed would probably have made a new interest rate reduction if the duties had not been imposed.