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S&P 500 Mixed as GM Surges on Earnings, Newmont Dips with Gold
S&P 500 Mixed as GM Surges on Earnings, Newmont Dips with Gold
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BTCCSquare news:
General Motors shares accelerated 15% after the automaker outperformed quarterly estimates and revised tariff cost projections downward. The rally marked the S&P 500's top gain as Citi analysts noted GM's rapid adaptation to trade barriers, offsetting a $1.6 billion EV strategy writedown.
Newmont Corporation slumped as Gold prices retreated from record highs, dragging the mining giant lower. Precious metals faced headwinds amid shifting risk sentiment despite their traditional haven status.
Equities closed unevenly with the Dow advancing 0.5% while the Nasdaq slipped 0.2%. Market participants digested earnings season developments as Halliburton also beat expectations, though crypto markets remained sidelined from the day's action.
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