NASDAQ, S&P 500 back off record highs

US stock indices were mixed on Tuesday, the first session of the third quarter, as markets analyze Trump’s big tax bill.

Now investors are poring over Federal Reserve Chair Jerome Powell’s speech at the European Central Bank Form in Portugal to gauge the future of monetary policies. 

On trading, Dow Jones rose 0.7% as of 16:06 GMT, or 317 points to 44410 points, while S&P 500 shed 0.2%, or 12 points to 6192 points, as NASDAQ dipped 0.8% to 20204 points.