Wall Street Ends Mixed, but Dow Jones Hits a New Record High
Anticipation is building for a meeting between Donald Trump and Xi Jinping in South Korea later this month, reviving hopes for progress.
Quick overview
- Wall Street closed mixed, with the Dow hitting a record high due to strong earnings and optimism over U.S.–China trade talks.
- The Dow rose 0.47% to 46,924.68 points, while the S&P 500 remained flat and the Nasdaq slipped 0.16%.
- Positive comments from White House economic adviser Kevin Hassett about the government shutdown contributed to increased investor risk appetite.
- Coca-Cola, 3M, RTX Corp, and GE Aerospace all saw significant gains following strong quarterly results and positive outlooks.
Wall Street closed mixed on Tuesday, with the Dow Jones Industrial Average hitting a new record high, lifted by strong earnings from major companies and renewed optimism over U.S.–China trade talks.
Investors welcomed signs of resilience in the financial sector and upbeat corporate results that helped offset lingering uncertainty from the ongoing U.S. government shutdown. The Dow Jones rose 0.47% to 46,924.68 points, while the S&P 500 held flat at 6,735.33 and the Nasdaq slipped 0.16% to 22,953.67.
A key boost came from upbeat comments by White House economic adviser Kevin Hassett, who said the government shutdown “will probably end this week,” fueling risk appetite after weeks of political gridlock.
Meanwhile, anticipation is building for a meeting between Donald Trump and Xi Jinping in South Korea later this month, reviving hopes for progress in trade negotiations between the world’s two largest economies.
Main Market Movers
Among corporate movers:
- Coca-Cola jumped 4.1% after posting stronger-than-expected quarterly results despite a “challenging” environment.
- 3M surged over 5% after raising its annual profit outlook.
- RTX Corp rallied 7.6% as strong missile and aftermarket demand boosted earnings.
- GE Aerospace gained 1.3% on upgraded profit guidance for 2025 amid robust maintenance demand.
Overall, the session reflected growing investor confidence in the U.S. corporate sector’s strength—even as global trade and political uncertainty continue to test markets.
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