04:59 PM EDT, 07/22/2025 (MT Newswires) -- The S&P 500 advanced to a new high at close on Tuesday, while the Nasdaq Composite registered its first decline in seven days as traders tracked the latest set of corporate earnings.

The S&P 500 ended 0.1% higher at 6,309.6, eclipsing Monday's record finish, while the Nasdaq fell 0.4% to 20,892.7. The Dow Jones Industrial Average rose 0.4% to 44,502.4. Barring technology and communication services, all other sectors were in the green, led by health care.

In company news, D.R. Horton's ( DHI ) fiscal third-quarter results surpassed market estimates despite a softening housing market. The homebuilder's shares surged 17%, the second-top gainer on the S&P 500.

Kohl's (KSS) shares ended nearly 38% higher in what was a volatile trading day for the stock. There were no corporate announcements or other major news that may have driven the move. Trading in the stock was briefly halted in the morning.

AstraZeneca's ( AZN ) US-listed shares climbed 2.6%. The company said late Monday it planned to invest $50 billion in the US by 2030, including the development of a new drug substance manufacturing facility in Virginia.

Lockheed Martin ( LMT ) shares slumped nearly 11%, the steepest decliner on the S&P 500, after the defense contractor lowered its full-year earnings outlook as its second-quarter profit plunged.

General Motors ( GM ) was among the worst performers on the S&P 500, down 8.1%. The automaker said it took a roughly $1.1 billion hit from President Donald Trump's tariffs in the second quarter as its results fell year on year.

US Treasury yields were lower, with the 10-year rate falling 3.5 basis points to 4.35% and the two-year rate losing 3.2 basis points to 3.84%.

In separate social media posts, Trump announced trade deals with Indonesia and the Philippines, saying the two will pay 19% tariffs while Washington pays nothing.

According to Trump, Indonesia will supply the US with critical minerals and sign deals to buy Boeing ( BA ) aircraft, American farm products and energy.

US Treasury Secretary Scott Bessent said he is scheduled to meet with Chinese officials in Stockholm next Monday and Tuesday, CNBC reported, citing Bessent's interview with Fox Business.

The US and China agreed to a 90-day suspension of most tariffs on each other's goods in May. That suspension is slated to expire Aug. 12, according to the report.

"We'll be working out what is likely an extension" during talks in Stockholm, Bessent reportedly said.

West Texas Intermediate crude oil was down 1.3% at $66.36 a barrel in Tuesday late-afternoon trade.

Gold was up 1.1% at $3,442.8 per troy ounce, while silver rose 0.7% to $39.62 per ounce.