04:40 PM EDT, 07/22/2025 (MT Newswires) -- US benchmark equity indexes closed mixed on Tuesday, as investors parsed the latest set of corporate earnings and the US trade deal with the Philippines.

The Nasdaq was down 0.4% to 20,892.68 while the S&P 500 rose 0.1% to 6,309.62. The Dow Jones Industrial Average gained 0.4% to 44,502.44. Among the sectors, healthcare led the gainers while technology and communications were the only decliners.

US Treasury yields were lower, with the 10-year rate dropping 4.1 basis points to 4.34% and the two-year rate falling 3.6 basis points to 3.84%.

September West Texas Intermediate crude oil fell 0.6% to $65.56 a barrel on Tuesday.

The US has concluded a trade deal with the Philippines, which will pay a 19% tariff, President Donald Trump said in a social media post.

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.

In company news, IQVIA ( IQV ) shares were up 18%, the top gainer on the S&P 500. The healthcare company reported higher Q2 adjusted earnings and revenue.

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

Lockheed Martin ( LMT ) shares sank 11%, the worst performer on the S&P 500. The company posted a decline in fiscal Q2 earnings and cut its 2025 earnings guidance.

Gold increased 1.1% to $3,442.30 per troy ounce, and silver was up 0.5% to $39.52 per troy ounce.