Economy

US stocks close mixed following US-EU trade deal

Dow down 0.14%, while S&P 500 rises 0.02%, Nasdaq climbs 0.33%

Mücahithan Avcıoğlu  | 28.07.2025 - Update : 28.07.2025
US stocks close mixed following US-EU trade deal

ISTANBUL 

The New York Stock Exchange ended Monday mixed after the US and EU reached a trade deal imposing 15% tariffs on goods from the bloc entering the US.

The Dow Jones Industrial Average lost 0.14%, or 64.36 points, to close at 44,837.56.

On the other hand, the Nasdaq composite was up 0.33%, or 70.27 points, to end at 21,178.58 and the S&P 500 rose 0.02%, or 1.13 points, to 6,389.77.

The mixed course followed the US-EU trade deal, announced on Sunday, which will see the US impose a 15% import tariff on most EU goods, half of the threatened rate of 30%.

The bloc will also invest $600 billion in the US, and purchase $750 billion worth of American energy and military equipment.

US President Donald Trump said he thinks the deal will be "great" for both parties, bringing them "closer together."

European Commission President Ursula von der Leyen also praised the deal as the fruit of "tough negotiation," saying: "We have a deal; we have a trade deal between the two largest economies in the world, and it's a big deal."

On Monday, Trump said the global baseline tariff for countries that have not renegotiated with the US will likely be between 15% to 20%.

"We’re going to be setting a tariff for essentially the rest of the world, and that’s what they’re going to pay if they want to do business in the United States, because you can’t sit down and make 200 deals," he said.

Meanwhile, the third round of US-China trade talks, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, will take place in the Swedish capital Stockholm through Wednesday.


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