US Shares trade mixedly on Biden’s comments, downbeat data

US shares closed Tuesday’s trading session exhibiting mixed performance, after US President Joe Biden’s comments indicating that his administration is pondering restructure of tariffs imposed on Chinese goods and services.

There was also a slew of economic data that shed light on a deterioration in the US housing sector as well as a decline in the performance of the industrial and service sectors in the country.

The Dow Jones rose to 31,982 points, an increase of about 50 points, or 0.2%. But the Standard & Poor’s 500 Index fell to 3,941 points, with a loss of 33 points, or 0.9%. The Nasdaq Heavy Technology Industries also fell to 11,264 points, after losing 270 points, or 2.4%.