US close: Markets finish green as investors take a break from trade concerns
Wall Street indices finished in the green on Tuesday, as investors appeared to brush off concerns stemming from sharp losses the day before.
Dow Jones I.A.
37,753.31
04:30 15/10/20
Nasdaq 100
17,394.31
11:10 18/04/24
The Dow Jones Industrial Average ended up 0.12% at 24,283.11, the S&P 500 was ahead 0.22% at 2,723.06, and the Nasdaq 100 added 0.43% to 7,068.20.
On Monday, the Dow tumbled 328 points, suffering its worst one-day decline since 29 May and ending the session at its worst level since 4 May, as Trump's plans to curb Chinese investment in the US exacerbated jitters about a trade war.
“The Dow Jones managed to rise 0.3% after the bell, sending the beleaguered US index back above 24,300,” said SpreadEx financial analyst Connor Campbell earlier.
“This [came] despite another strong day for the dollar, with the greenback rising 0.4% against both the pound and the euro, sending the former below $1.323 and the latter towards $1.165, and jumping half a percent against the yen.”
On the data front, US house price growth eased back a touch in April, according to the S&P/Case-Shiller National Home Price Index.
The 20-city index was up 6.6% on the year, slowing down from 6.7% growth in March and a touch weaker than expectations for a 6.8% gain.
Meanwhile, the national home price NSA index covering all nine US census divisions was 6.4% higher on the year, down from 6.5% the month before.
Elsewhere, manufacturing growth in the central Atlantic region "continued to expand" in June, according to the Federal Reserve Bank of Richmond's monthly business activity survey.
The manufacturing index gained to 20 from 16 - any reading above zero indicates expansion, while numbers below zero indicate contraction.
“The composite manufacturing index rose from 16 in May to 20 in June, buoyed by an increase in all three components (shipments, new orders, and employment),” the survey said.
In corporate news, Lee Enterprises surged 20.83% after saying it will manage Berkshire Hathaway's newspaper and digital operations in 30 markets from July.
Elsewhere, General Electric picked up 7.76% after announcing plans to spin off its healthcare business and separate its oil services company Baker Hughes.
Salesforce.com gained 1.72% following reports that its employees signed a petition asking chief executive CEO Marc Benioff to re-evaluate the company’s contracts with US Customs and Border Protection.
Harley-Davidson lost 0.6%, continuing its fall from Monday following a warning regarding the impact of EU tariffs and the revelation that it will move the production of thousands of motorcycles outside the US to avoid the tariffs.
Housebuilder Lennar Corporation shot up 4.86% after reporting before the open, while steel manufacturer Schnitzer Steel slid 3.03% after posting its own results.
Dow Jones - Risers
General Electric Co. (GE) $13.74 7.76%
Walmart Inc. (WMT) $85.98 1.37%
Chevron Corp. (CVX) $124.16 1.26%
Apple Inc. (AAPL) $184.43 1.24%
Procter & Gamble Co. (PG) $78.00 0.74%
Microsoft Corp. (MSFT) $99.08 0.70%
United Technologies Corp. (UTX) $125.64 0.62%
Cisco Systems Inc. (CSCO) $42.55 0.61%
Dowdupont Inc. (DWDP) $66.31 0.50%
Coca-Cola Co. (KO) $43.33 0.18%
Dow Jones - Fallers
McDonald's Corp. (MCD) $160.91 -2.21%
Visa Inc. (V) $132.55 -2.05%
Intel Corp. (INTC) $49.67 -2.05%
Goldman Sachs Group Inc. (GS) $221.58 -1.96%
Unitedhealth Group Inc. (UNH) $249.77 -1.81%
International Business Machines Corp. (IBM) $139.08 -1.56%
Travelers Company Inc. (TRV) $122.62 -1.44%
Merck & Co. Inc. (MRK) $60.72 -1.22%
Nike Inc. (NKE) $72.56 -1.18%
Verizon Communications Inc. (VZ) $49.30 -0.92%
S&P 500 - Risers
General Electric Co. (GE) $13.74 7.76%
SCANA Corp. (SCG) $38.50 3.94%
Netflix Inc. (NFLX) $399.39 3.88%
Alcoa Corporation (AA) $45.80 3.48%
J. M. Smucker Co. (SJM) $109.12 3.23%
Diamond Offshore Drilling Inc. (DO) $19.16 3.18%
TEGNA Inc (TGNA) $11.58 2.94%
Chesapeake Energy Corp. (CHK) $5.02 2.86%
FirstEnergy Corp. (FE) $36.06 2.76%
Eversource Energy (ES) $57.54 2.69%
S&P 500 - Fallers
Harley-Davidson Inc. (HOG) $41.31 -6.54%
Carmax Inc. (KMX) $75.39 -5.99%
United Rentals Inc. (URI) $147.48 -4.82%
Royal Caribbean Cr (RCL) $106.30 -4.71%
United States Steel Corp. (X) $35.32 -4.28%
Pitney Bowes Inc. (PBI) $8.85 -4.22%
Xerox Corp. (XRX) $25.33 -4.05%
United Parcel Service Inc. (UPS) $109.57 -3.63%
GameStop Corp. (GME) $14.97 -3.54%
Marathon Oil Corp. (MRO) $20.73 -3.49%
Nasdaq 100 - Risers
Netflix Inc. (NFLX) $399.39 3.88%
Mercadolibre Inc. (MELI) $298.35 3.50%
Tesla Inc (TSLA) $342.00 2.70%
Micron Technology Inc. (MU) $54.59 2.69%
Intuitive Surgical Inc. (ISRG) $482.78 1.96%
Align Technology Inc. (ALGN) $352.42 1.77%
Lam Research Corp. (LRCX) $173.93 1.71%
Amazon.Com Inc. (AMZN) $1,691.09 1.68%
Maxim Integrated Products Inc. (MXIM) $59.43 1.50%
Facebook Inc. (FB) $199.00 1.35%
Nasdaq 100 - Fallers
Incyte Corp. (INCY) $66.73 -6.97%
Liberty Global plc Series A (LBTYA) $29.00 -2.29%
Liberty Global plc Series C (LBTYK) $27.85 -2.11%
Vertex Pharmaceuticals Inc. (VRTX) $151.50 -2.11%
Intel Corp. (INTC) $49.67 -2.05%
Sirius XM Holdings Inc (SIRI) $6.92 -1.98%
Alexion Pharmaceuticals Inc. (ALXN) $122.43 -1.92%
Express Scripts Holding Co (ESRX) $77.84 -1.77%
Dollar Tree Inc (DLTR) $85.15 -1.62%
American Airlines Group (AAL) $39.09 -1.49%