{"id":303155,"date":"2025-10-14T17:17:16","date_gmt":"2025-10-14T17:17:16","guid":{"rendered":"https:\/\/www.europesays.com\/us\/303155\/"},"modified":"2025-10-14T17:17:16","modified_gmt":"2025-10-14T17:17:16","slug":"sp-500-and-dow-rise-nasdaq-slides-as-us-china-tensions-simmer-big-banks-report","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/303155\/","title":{"rendered":"S&P 500 and Dow rise, Nasdaq slides as US-China tensions simmer, big banks report"},"content":{"rendered":"\n

US stocks diverged on Tuesday after China upped the ante in its trade spat with the US<\/a>, while investors digested the kickoff of third quarter earnings season<\/a> from Wall Street’s banking giants.<\/p>\n

The Dow Jones Industrial Average (^DJI<\/a>) rose 0.5% after paring steep losses earlier in the session. The S&P 500 (^GSPC<\/a>) also flipped into the green, rising 0.1%, while the tech-heavy Nasdaq Composite (^IXIC<\/a>) slipped 0.2%.<\/p>\n

The mood is unsettled after stocks’ strong rebound<\/a> on Monday, thanks to a fresh round of retaliation from Beijing<\/a> to President Trump’s trade salvos. Its latest moves to target US shipping have undermined recently revived hopes that the US and China will avoid an all-out trade war.<\/p>\n

China has placed sanctions<\/a> on five US-linked units of South Korean shipbuilding firm Hanwha Ocean, effectively barring Chinese companies from doing business with them. Both countries also began charging special port fees<\/a> on one another’s vessels on Tuesday in a bid for maritime dominance.<\/p>\n

Also in focus is the third quarter earnings season, which kicked off in earnest on Tuesday morning<\/a> with results from JPMorgan Chase (JPM<\/a>), Citigroup (C<\/a>), Goldman Sachs (GS<\/a>), and Wells Fargo (WFC<\/a>). Goldman and JPMorgan shares dipped even as their quarterly profits were boosted<\/a> by a flurry of Wall Street dealmaking. Wells Fargo stock, meanwhile, jumped in early trading as the bank’s profit also surged<\/a>.<\/p>\n

With key data reports stalled by the government shutdown, investors and the Fed lack a clear view of the economy’s direction. The release of the September CPI consumer inflation report scheduled for Wednesday has been delayed<\/a> to Oct. 24. Data on retail sales and producer prices are also expected to be pushed back.<\/p>\n

The data blackout added weight to Chair Jerome Powell\u2019s speech on Tuesday<\/a> at the NABE annual meeting. In his remarks, the Fed chair stated that the central bank’s outlook for employment and inflation had not changed, implying that further<\/a> Fed cuts are possible.<\/a><\/p>\n

expected to provide insights into the Fed’s view of the economy and its thinking on monetary policy.<\/p>\n

In the tech world, Advanced Micro Devices (AMD<\/a>) said it will provide Oracle’s (ORCL<\/a>) cloud business with 50,000 AI chips<\/a>. The move by Nvidia’s (NVDA<\/a>) chipmaking rival is the latest in a recent slew of AI deals<\/a>.<\/p>\n

LIVE 23 updates <\/p>\n