Wall Street began Tuesday on a cautious note, with stocks hovering near breakeven as major indexes traded just below their recent record highs. Nasdaq jumped 36 points or 0.17%, reaching 21,485 at 8.20 PM IST. The S&P 500 followed the pattern adding 0.71 points or 0.01%, reaching 6,440. However, Dow dipped 52 points or 0.12% falling to 45,229. Among individual movers, Boeing climbed 1.6% after Korean Air announced a $50 billion deal with the company that includes the purchase of more than 100 aircraft. Dish TV’s parent, EchoStar, surged 80% after AT&T revealed plans to buy some of its wireless spectrum licences in a $23 billion deal. In the bond market, treasury yields were steady. The yield on the 10-year Treasury remained at 4.28% from late Monday. The two-year Treasury yield, which more closely reflects expectations for Federal Reserve moves, slipped to 3.69% from 3.73% late Friday. The overall market mood was subdued, weighed down by President Donald Trump’s deepening clash with the Federal Reserve. On Monday, he announced the removal of Federal Reserve governor Lisa Cook, but she hit back, saying she would not resign. This is the latest flashpoint in Trump’s ongoing dispute with the Fed, which has kept interest rates unchanged since late 2024 amid concerns that his unpredictable tariff policies could revive inflation. Trump has also threatened to dismiss Fed Chair Jerome Powell. Despite the political tension, traders remain convinced that the Fed will trim its benchmark interest rate at its next meeting in September. According to data from CME Group, markets are pricing in an 86% chance of a quarter-point cut. Elsewhere, crude oil prices slipped. European markets were mostly lower, while Asian markets ended the day in negative territory.