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US stock markets close mixed

US stock markets close mixed

The Dow Jones index was almost unchanged from the previous session (41,859.09 points). The S&P 500 fell 0.04 percent to 5,842.01 points, while the Nasdaq Composite rose 0.28 percent to 18,925.73 points. Stocks lost momentum in the final phase of trading, with all indices nearly ending Thursday's session in the black. The day before, New York saw its biggest declines since April 21.

Fifteen of the 30 companies in the Dow Jones index rose. The best performer was sportswear and footwear maker Nike (+2.18%). The company announced that it will have to raise prices on some of its products due to tariffs.

Three of the 11 major S&P 500 sectors rose, including the largest, consumer discretionary stocks (+0.56%). At the other end of the spectrum were utilities (-1.41%).

The tech giants that make up the so-called Magnificent Seven mostly ended Thursday's session in the black. Amazon's shares were up 0.96%, Alphabet's 1.37%, Meta's 0.17%, Microsoft's 0.51%, Nvidia's 0.78%, and Tesla's 1.89%. Only Apple's shares fell - by 0.36%.

The yield on the 10-year Treasury note fell 6 basis points to 4.54% after the House of Representatives passed President Trump's tax reform bill, which critics say could deepen inequality and cause a budget deficit explosion. The bill now moves to the Senate.

WTI crude futures fell 0.8% to $61.09 a barrel, and spot gold fell 0.6% to $3,293.94 an ounce. Bitcoin soared toward new records.

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