We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wall Street closed mixed on Monday, pulled up by tech and energy stocks. Markets cautiously considered the new trade framework agreed upon by the European Union and the Trump administration while waiting for the Fed's July meeting. Two of the three benchmark indexes closed in the green, while one finished in the red.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) slid 0.1%, or 64.36 points, to close at 44,837.56. Sixteen components of the 30-stock index ended in negative territory, while 14 ended in positive.
The tech-heavy Nasdaq Composite gained 70.27 points, or 0.3%, to close at 21,178.58.
The S&P 500 added 1.13 points, or less than 0.1%, to remain virtually unchanged at 6,389.77. Eight of the 11 broad sectors of the benchmark index closed in the red. The Real Estate Select Sector SPDR (XLRE), the Materials Select Sector SPDR (XLB) and the Utilities Select Sector SPDR (XLU) declined 1.7%, 1.5% and 1.1%, respectively, while the Energy Select Sector SPDR (XLE) gained 1.1%.
The fear gauge CBOE Volatility Index (VIX) increased 0.7% to 15.03. A total of 17.58 billion shares were traded on Monday, lower than the last 20-session average of 17.84 billion. Decliners outnumbered advancers by a 1.81-to-1 ratio on the NYSE, and by a 1.48-to-1 on the Nasdaq.
Markets Cautiously Weigh Tariff Developments
On Monday, global markets responded positively but cautiously to the newly agreed trade framework between the European Union (“EU”) and the United States. The deal, which averted a potential tariff escalation set for Aug. 1, brought relief to investors worried about a renewed transatlantic trade war. Equity markets in both regions opened higher, with particular gains in sectors directly tied to the agreement, such as automobiles, aerospace and energy.
The framework outlined a 15% U.S. import tariff on most EU goods, significantly lower than the threatened 30%, while preserving higher duties on steel and aluminum. The EU, in turn, committed to purchasing $750 billion worth of U.S. energy and investing heavily in American infrastructure and technology sectors. These moves reassured markets that key supply chains would remain intact and that cross-border investments would continue to flow.
However, despite the initial rally, gains were pared as investors digested the broader implications. Much of the optimism had probably already been priced in, and concerns lingered over the long-term impact of persistent tariffs on strategic industries. The euro saw a brief uptick against the U.S. dollar before stabilizing, while commodity and industrial stocks exposed to metal tariffs showed limited enthusiasm. Overall, the trade framework provided a near-term boost to sentiment, driven largely by relief that the worst-case tariff scenario had been avoided. Investors are currently keeping a keen eye on the outcome of the Fed’s July meeting, though it is widely expected that interest rates will not come down before September.
Oil prices jumped 2% on Monday on reports of a trade deal between the United States and the EU, and President Trump's announcement that he would shorten the deadline for Russia to end its war in Ukraine. Brent crude increased by $1.60, or 2.3%, to close at $70.04 a barrel. WTI crude rose $1.55, or 2.4%, to close at $66.71.
No economic data was released on Monday.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Stock Market News for Jul 29, 2025
Wall Street closed mixed on Monday, pulled up by tech and energy stocks. Markets cautiously considered the new trade framework agreed upon by the European Union and the Trump administration while waiting for the Fed's July meeting. Two of the three benchmark indexes closed in the green, while one finished in the red.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) slid 0.1%, or 64.36 points, to close at 44,837.56. Sixteen components of the 30-stock index ended in negative territory, while 14 ended in positive.
The tech-heavy Nasdaq Composite gained 70.27 points, or 0.3%, to close at 21,178.58.
The S&P 500 added 1.13 points, or less than 0.1%, to remain virtually unchanged at 6,389.77. Eight of the 11 broad sectors of the benchmark index closed in the red. The Real Estate Select Sector SPDR (XLRE), the Materials Select Sector SPDR (XLB) and the Utilities Select Sector SPDR (XLU) declined 1.7%, 1.5% and 1.1%, respectively, while the Energy Select Sector SPDR (XLE) gained 1.1%.
The fear gauge CBOE Volatility Index (VIX) increased 0.7% to 15.03. A total of 17.58 billion shares were traded on Monday, lower than the last 20-session average of 17.84 billion. Decliners outnumbered advancers by a 1.81-to-1 ratio on the NYSE, and by a 1.48-to-1 on the Nasdaq.
Markets Cautiously Weigh Tariff Developments
On Monday, global markets responded positively but cautiously to the newly agreed trade framework between the European Union (“EU”) and the United States. The deal, which averted a potential tariff escalation set for Aug. 1, brought relief to investors worried about a renewed transatlantic trade war. Equity markets in both regions opened higher, with particular gains in sectors directly tied to the agreement, such as automobiles, aerospace and energy.
The framework outlined a 15% U.S. import tariff on most EU goods, significantly lower than the threatened 30%, while preserving higher duties on steel and aluminum. The EU, in turn, committed to purchasing $750 billion worth of U.S. energy and investing heavily in American infrastructure and technology sectors. These moves reassured markets that key supply chains would remain intact and that cross-border investments would continue to flow.
However, despite the initial rally, gains were pared as investors digested the broader implications. Much of the optimism had probably already been priced in, and concerns lingered over the long-term impact of persistent tariffs on strategic industries. The euro saw a brief uptick against the U.S. dollar before stabilizing, while commodity and industrial stocks exposed to metal tariffs showed limited enthusiasm. Overall, the trade framework provided a near-term boost to sentiment, driven largely by relief that the worst-case tariff scenario had been avoided. Investors are currently keeping a keen eye on the outcome of the Fed’s July meeting, though it is widely expected that interest rates will not come down before September.
Consequently, shares of Advanced Micro Devices, Inc. (AMD - Free Report) and Williams-Sonoma, Inc. (WSM - Free Report) added 4.3% and 3.6%, respectively. Both currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Oil Prices Rise 2% on the U.S.-EU Deal
Oil prices jumped 2% on Monday on reports of a trade deal between the United States and the EU, and President Trump's announcement that he would shorten the deadline for Russia to end its war in Ukraine. Brent crude increased by $1.60, or 2.3%, to close at $70.04 a barrel. WTI crude rose $1.55, or 2.4%, to close at $66.71.
No economic data was released on Monday.