03:33 PM EDT, 07/08/2025 (MT Newswires) -- US benchmark equity indexes are on track to close lower on Tuesday as investors parse a 50% tariff rate on copper imports.

The Dow Jones Industrial Average was down 0.3% at 44,259.58, while the Nasdaq Composite declined 0.1% to 20,402.29. The S&P 500 fell 0.1% to 6,225.59. Among sectors, energy led the gainers while financials posted the steepest decline.

Albemarle (ALB) shares were up 8.3%, among the best performers on the S&P 500, after the US Environmental Protection Agency withdrew new use rules placing restrictions on the use of 18 chemicals. Other manufacturers Chemours ( CC ) , LyondellBasell Industries ( LYB ) , and Dow (DOW) increased 11%, 5.3% and 5.3%, respectively.

Intel ( INTC ) shares rose 7.3%. The company said in a Worker Adjustment and Retraining Notification Act filing that it is planning to lay off about 529 employees in Oregon as part of a permanent workforce reduction.

Fair Isaac ( FICO ) shares were down 11%, the worst performer on S&P, even after Oppenheimer raised the price target on its stock to $2,300 from $2,293.

The 10-year US Treasury yield was up 3.3 basis points to 4.42%, while the two-year rate increased 0.6 basis points to 3.91%.

August West Texas Intermediate crude oil increased 0.6% to $68.36 a barrel.