US Market Today: Wall Street Steady near record highs while GM warns of tariff pain, housing builders gather on strong Q2 – Times of India

US stock markets float near record highs on Tuesday, while investors weigh mixed income and trade policy signals, with General Motors marking a tariff hit of $ 4-5 billion for 2025, while house builders increased better than expected profit in the second quarter.The S&P 500 had changed little after reaching a new record on Monday. The industrial average of Dow Jones rose 27 points (0.1%), while the Nasdaq composite decreased 0.1% after touching his own all time, AP reported.Shares of General Motors fell 5.2%, even when the company reported stronger than expected quarterly profit. GM repeated that the rates are expected to influence its results throughout the year by no less than $ 5 billion and warned that the third quarter will feel the rate voltage sharer than the spring quarter. The automaker also said that it hopes to reduce 30% of the total impact due to cost adjustments.The GM -warning occurs on a deadline of 1 August for American trade negotiations, in which many of the proposed rates of President Donald Trump are still put on hold, while discussions continue with large trading partners. Trump has insisted on new car-related rates and put pressure on the Federal Reserve to speed up the cuts.Homebouwers offered a bright spot in the trade of the day. Dr. Horton rose by 10.2% and Pultegroup rose by 7.7% after both companies have posted stronger than expected spring gains. Both, however, mentioned continuous challenges in the housing market due to high mortgage interest and economic uncertainty.Elsewhere, Eine Parts Co. rose 2.5% after Wall Street’s profit estimates, although it brought down its guidelines for the entire year to reflect the impact of existing American rates and a weaker business outlook for the second half.Coca-Cola fell 1.6% despite reporting a better profit. While the price increases helped to compensate for the volume, the turnover only marginally beat the expectations. The global volumes of Coke fell by 1% in Q2.The treasury yields remained stable in the bond market, with the return of 10 years to 4.36% compared to 4.38% on Monday. Investors continue to expect that the Fed will resume interest rate letings in September, in which chairman Jerome Powell indicates a data-dependent approach in the midst of the inflation impact of Trump’s trade policy.Worldwide markets were mixed. The Japanese Nikkei 225 fell by 0.1% after an early peak after the holidays. Political uncertainty became deeper after the coalition of Prime Minister Shigeru Ishiba lost its majority of the Heerhuis, in which analysts said that a breakthrough in trade discussions in the US-Japan could be the key to get the momentum back. Other large Asian and European indexes showed modest declines.