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Equity Markets Mixed After Trump Claims China Violated Trade Agreement
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Equity Markets Mixed After Trump Claims China Violated Trade Agreement
May 30, 2025 12:40 PM

03:29 PM EDT, 05/30/2025 (MT Newswires) -- US benchmark equity indexes are on track to close mixed on Friday, after President Donald Trump claimed China is violating the preliminary trade agreement with the US.

The Dow Jones Industrial Average gained 0.3% to 42,353.95, while the Nasdaq Composite declined 0.3% to 19,123.48. The S&P 500 was off .02% at 5,902.33. Among sectors, consumer staples posted the highest gain while energy had the steepest decline.

Ulta Beauty ( ULTA ) shares were up 11%, the best performer on the S&P 500. The beauty retailer reported a quarterly earnings and net sales beat late Thursday.

Costco Wholesale ( COST ) shares were up 4.2%. The warehouse chain late Thursday logged fiscal third-quarter earnings and revenue above market estimates, though its comparable sales fell short of expectations.

Cooper (COO) shares were down 13% even after the company reported higher fiscal Q2 non-GAAP earnings and net sales, and boosted full year EPS guidance.

The 10-year US Treasury yield was down 1 basis point to 4.41%, while the two-year rate fell 3 basis points to 3.90%.

July West Texas Intermediate crude oil was down 0.5% to $60.64 a barrel.

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