Traders works on the floor of the New York Stock Exchange (NYSE) during morning trading on August 4, 2025, in New York City. <\/p>\n
Angela Weiss | Afp | Getty Images<\/p>\n
The Dow Jones Industrial Average<\/a> fell on Tuesday as traders assessed weaker-than-expected economic data and new tariff comments from President Donald Trump.<\/p>\n The blue-chip Dow fell 133 points, or 0.3%. The S&P 500<\/a> also dropped 0.2%, while Nasdaq Composite<\/a> hovered around the flatline.<\/p>\n Palantir shares jumped 8% as the defense technology company said revenue surpassed $1 billion<\/a> for the first time. On the other hand, major industrial name Caterpillar<\/a> reported an earnings miss, sending shares lower. Eaton<\/a> shares also dipped 6% due to disappointing guidance<\/a>. <\/p>\n The Dow and S&P 500 moved lower earlier in the session after the ISM Services index flatlined in July and indicated higher inflation and lower employment. Services makes up about 70% of the U.S. economy, so a slowdown in the sector could mean trouble ahead.<\/p>\n Stocks were also bogged down by Trump telling CNBC that tariffs on chips<\/a>, as well as pharmaceuticals, were coming soon.<\/p>\n “We’re going to be announcing on semiconductors and chips, which is a separate category, because we want them made in the United States,” Trump said, adding that he’ll announce the new plan “within the next week or so.”<\/p>\n The moves come after a winning day<\/a> on Wall Street that allowed stocks to recover losses from the prior session. The market tanked on Friday as the latest policy rollout on tariffs and a weak jobs report left investors questioning the health of the economy. All three of the major indexes ended the week in the red.<\/p>\n Investors on Tuesday will watch for more earnings reports, with names like Snap<\/a>, Advanced Micro Devices<\/a> and Rivian<\/a> scheduled for after the close. Out of the roughly 370 companies in the S&P 500 that have already reported this reporting season, more than 81% have beaten expectations, according to FactSet.<\/p>\n","protected":false},"excerpt":{"rendered":"Traders works on the floor of the New York Stock Exchange (NYSE) during morning trading on August 4,…\n","protected":false},"author":2,"featured_media":45513,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[23645,39540,64,63,1053,99,174,13102,2490,1068,1062,30611,37586,39537,17804,171,1066,1061,38114,4337,39539,13099,1067,1063,16740,31077,1054,1055,39538],"class_list":["post-45512","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-advanced-micro-devices-inc","tag-akamai-technologies-inc","tag-au","tag-australia","tag-breaking-news-markets","tag-business","tag-business-news","tag-caterpillar-inc","tag-donald-trump","tag-dow-jones-fut-mar23","tag-dow-jones-industrial-average","tag-eaton-corporation-plc","tag-fox-corp","tag-fox-corp-class-b","tag-hims-hers-health-inc","tag-markets","tag-nasdaq-100-fut-mar23","tag-nasdaq-composite","tag-palantir-technologies-inc","tag-pfizer-inc","tag-rivian-automotive-inc","tag-russell-2000-index","tag-sp-500-fut-mar23","tag-sp-500-index","tag-scott-bessent","tag-snap-inc","tag-stock-markets","tag-united-states","tag-yum-brands-inc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/45512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=45512"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/45512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/45513"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=45512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=45512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=45512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}