Wall Street Today: American shares mixed among profits, General Motors drops by 3%

The indicators of the US shares were mixed on Tuesday, because the markets are digested reports from earnings among the US-China trade war.

In the opening bell Dow Jones Industrial, the average increased by 6.4 points, i.e. 0.02%, to 40 233.98. The S&P 500 fell by 19.9 points, i.e. 0.36%, to 5 508.87, while the NASDAQ composite dropped by 95.4 points, i.e. 0.55%, to 17 270.757.

The Trump administration plans to reduce the impact of car tariffs by reducing taxes from foreign car parts used in American-American vehicles.

On Monday, the Secretary of the US Treasury Scott Bessent said that some of the best trading partners issued “very good” suggestions to avoid American tariffs.

Bessent added that the recently China’s decision to release some American goods from retaliatory fees showed readiness to de -escalate commercial tensions.

Gainers and losers

General Motors shares fell by 3%because the manufacturer reported better than expected quarterly profits, but stated that he again assessed his forecast due to tariff perspectives.

UPS shares gained 1% after announcing plans to limit 20,000 positions around the world this year after a significant decrease in activity for Amazon.

Bullion

Gold prices fell on Tuesday by more than 1% as signs of relieving US-China trading tensions reduced demand to a safe place.

Gold spot dropped by 1.2% to USD 3,300.57 per ounce from 9:50 ET (1350 GMT). Gold American Futures dropped by 1.1% to USD 3310.20.

Silver gained 0.1% to USD 33.2 per ounce, platinum dropped by 0.3% to USD 983.26, and Palladium lost 0.8% to USD 941.51.