US Stocks Mixed Amid Energy Sector's 2.1% Surge, Dow Falls 0.35%

US stocks traded mixed on Tuesday with the Dow Jones index dipping 0.35% and the NASDAQ gaining 0.07%. Energy shares jumped 2.1%, while utilities stocks dipped 1.9%. Equities trading up included ENDRA Life Sciences, ProKidney Corp., and Humacyte. Equities trading down included Blue Gold Limited, Sunrun Inc., and Apogee Therapeutics. Commodities saw oil trade up 0.3% and gold trade down 1.1%. European shares were higher, with the eurozone's STOXX 600 rising 0.40%. Asian markets closed higher, with Japan's Nikkei gaining 0.26%. The US Manheim Used Vehicle Value Index increased 1.6% month-over-month for June. The NFIB Small Business Optimism Index fell to 98.6 in June.

US stocks traded mixed on Tuesday, with the Dow Jones index dipping 0.35% and the NASDAQ gaining 0.07%. Energy shares jumped 2.1%, while utilities stocks dipped 1.9%. Equities trading up included ENDRA Life Sciences, ProKidney Corp., and Humacyte. Equities trading down included Blue Gold Limited, Sunrun Inc., and Apogee Therapeutics. Commodities saw oil trade up 0.3% and gold trade down 1.1%. European shares were higher, with the eurozone's STOXX 600 rising 0.40%. Asian markets closed higher, with Japan's Nikkei gaining 0.26%. The US Manheim Used Vehicle Value Index increased 1.6% month-over-month for June. The NFIB Small Business Optimism Index fell to 98.6 in June.

Investors are closely watching the approaching deadline for President Donald Trump's tariff pause, which is set to expire on July 9. The tariffs, which were initially paused for 90 days, could revert to their original harsh levels by August 1 if no new trade deals are signed. This uncertainty has led to a cautious market sentiment, with investors concerned about the potential economic backlash [2].

The Manheim Used Vehicle Value Index, which measures wholesale used-vehicle prices, climbed to 208.5 in June, up 6.3% year-over-year and 1.6% month-over-month. This increase is attributed to solid retail demand and a tightening off-lease supply, despite the volatility caused by tariffs [3].

The NFIB Small Business Optimism Index, which reflects the confidence of small business owners, fell to 98.6 in June. This decrease suggests that small businesses are becoming more cautious about the economic outlook, potentially due to the uncertainty surrounding trade policies and tariffs [1].

Investors will continue to monitor the Federal Reserve's meeting minutes, scheduled for release on Wednesday, for any insight into the central bank's future rate policy. The minutes could provide clarity on the Fed's stance on interest rates and inflation, which have been key concerns for the market [2].

References:
[1] https://www.cnn.com/markets
[2] https://economictimes.indiatimes.com/news/international/us/us-stock-market-futures-today-dow-jones-sp-500-nasdaq-futures-drop-as-tesla-plunges-7-and-trump-tariff-warning-shakes-wall-street/articleshow/122298910.cms?from=mdr
[3] https://www.prnewswire.com/news-releases/manheim-used-vehicle-value-index-rises-in-june-as-auto-market-continues-to-be-impacted-by-tariff-driven-volatility-302499919.html