Wall Street Live: US stocks mixed as investors await new trade developments, Intel climbs 4.1%

US stock indices were mixed on Tuesday as investors awaited new trade developments after Trump administration slapped 25% tariffs on two Asian countries.

As of 9:56 AM Eastern time, the benchmark S&P 500 was up less than 0.1%, the Dow Jones Industrial Average was down 0.1%, and the Nasdaq Composite was 0.2% higher.

In the bond market, the yield on the 10-year Treasury rose to 4.43% from 4.39% late on Monday.

US President Donald Trump on Monday imposed 25% tax on goods imported from Japan and South Korea.

He also set new tariff rates on a dozen other nations, scheduled to go into effect on August 1.

The Trump administration posted letters on Truth Social, warning various countries to not retaliate by increasing their import taxes, or else the US would further increase tariffs.

The US has so far reached trade agreements with only Britain and Vietnam.

Shares of Intel climbed 4.1% and Eli Lilly edged higher 1.5%.

JPMorgan and Bank of America stocks were each down 1.9%.

Amazon shares fell 0.2% as the online retail giant kicked off Prime Day sale.

Among the megacap stocks, Tesla gained 1.5%, Nvidia rose 0.50%, and Apple was flat.

Gold prices slipped on Tuesday, on trade deal optimism.

Spot gold lost 0.4% to $3,322.93 per ounce, as of 1325 GMT. US gold futures fell 0.3% to $3,332.30.

Spot silver dropped 0.5% to $36.57 per ounce, platinum fell 0.8% to $1,359.97 and palladium eased 0.2% to $1,108.77.

Oil prices retreated on Tuesday after climbing 2% in the previous session.

Brent crude futures were down 10 cents, or about 0.1%, to $69.48 a barrel at 1320 GMT. US West Texas Intermediate crude were down 21 cents, or about 0.3%, to $67.72.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories