US stocks closed mixed on Tuesday after the Senate passed President Trump’s sweeping budget bill, with investors also keeping an eye on trade developments. The S&P 500 lost 0.1%, and the Nasdaq fell 0.8% following Monday’s record highs, as enthusiasm over potential stimulus clashed with concerns about the bill’s multi-trillion dollar cost. The Dow Jones outperformed, gaining 400 points, boosted by sharp advances in healthcare stocks like UnitedHealth (+4.5%) and Amgen (+4.3%). In contrast, tech stocks dragged on the Nasdaq, with Tesla down 4.5% after Trump escalated his feud with Elon Musk by threatening to pull federal subsidies. Fed Chair Jerome Powell maintained a cautious tone on rate cuts, highlighting tariff-related inflation risks and stressing the need for more data. Meanwhile, May job openings came in stronger than expected, reinforcing the central bank’s patient approach to monetary policy.