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Dow Jones Today: S&P 500, Nasdaq Retreat From Record Highs as Stocks Edge Lower Amid Earnings Deluge
Stock futures wavered between slight gains and losses Tuesday morning as investors reacted to quarterly results from a slew of major companies.
Dow Jones gains on strong healthcare and financials while Nasdaq drops as tech stocks retreat, signaling sector rotation in US indices today.
Regarding US equity pricing, including the Dow, the current period of uncertainty around the Federal Reserve, both in policy and tenure, has slowed recent market momentum. As such, markets are closely watching for any clues on future monetary policy decisions ahead of the July 30th decision.
The yield on the 10-year hit a 52-week high of 4.896% on January 13, a week before Trump's second inauguration, and traded as low as 3.860% on April 4 before spiking to 4.607% on May 21, then settling at 4.431% on July 18.
Amcor PLC closed 15.59% short of its 52-week high of $11.48, which the company reached on September 27th.
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Investor's Business Daily on MSNStock Market Today: Index Gains Fade, Dow Jones Index Dips As This Bill Ackman Holding Shines; Alphabet Rises (Live Coverage)The Dow Jones index rose on the stock market today as Verizon and Cleveland-Cliffs climbed after quarterly results. Apple and Nike also shined.
US Stock market today ended higher as the Dow Jones, S&P 500, and Nasdaq all posted modest gains amid upbeat earnings reports and a surprise jump in retail sales. Investors are cautiously optimistic despite political tension as President Trump continues pressuring Fed Chair Jerome Powell over interest rate cuts.
Enthusiasm is building for Alphabet's earnings — in the form of an historic run for its stock. Both the Class A and Class C shares are on track to log their 10th consecutive sessions of gains. For Class A shares,