Alphabet and Apple Hold Techs Back; End Mixed Stocks By Investing.com

Investing.com – Equities ended Tuesday on a mixed note, with declines in Google parent companies and Google Alphabet, as lower interest rates prompted investors to focus on the utility sectors, consumer goods and related actions.

The finish up 0.15% on the day. The increase of 0.1%. The decrease of 0.66%.

Alphabet (NASDAQ 🙂 fell 7.5%, its largest single-day loss since 2008, after first-quarter revenues were $ 1 billion lower than forecast.

Apple (NASDAQ 🙂 fell 1.9% from a quarterly report that is expected to show a rare drop in profits and revenues. The report was better than expected, however, and equities rose 5.5% after normal hours and could see their market capitalization exceed $ 1 trillion for the first time since November.

Microsoft (NASDAQ :), up 0.65%, closed the day with a market capitalization of $ 1 trillion for the first time after surpassing the level reached twice last week. The market capitalization of Amazon.com (NASDAQ 🙂 briefly exceeded $ 1 trillion on September 4.

Some traders have spent Tuesday waiting for the Federal Reserve's decision on interest rates, scheduled for Wednesday afternoon, as well as a press conference by President Jerome Powell. The Fed should leave its rates.

The decline went from 2.536% to 2.509% Monday.

The Nasdaq and the S & P 500 both rose to new heights on Monday, as the market continued its strong recovery after the sharp drop in the fourth quarter of 2018.

The Dow ended April with an increase of 2.56% and an increase of 14% for the year. The S & P 500 gain for the month was 3.93% and increased 17.52% this year. Nasdaq rose 4.9% in April and 22.2% in 2019. Four-month gains are the largest since at least the turn of the century. But the size of the gains must be somewhat tempered because of the severity of the slowdown of 2018.

Occidental Petroleum (NYSE 🙂 was down 2.13% even as Warren Buffett's Berkshire Hathaway (NYSE 🙂 agreed to invest $ 10 billion in oil company Anadarko Petroleum's offer (NYSE :). Occidental has been competing against Chevron (NYSE 🙂 for the oil and gas exploration company. Berkshire Hathaway was up 6.9%. Anadarko was 0.08%. Chevron rose 1.9%.

were up 0.7% to $ 63.91 per barrel. increased by 1.1%. WTI is up 40.7% over the year; Brent rose 35.3%.

In its report entitled Daily Fuel Gauge, published by the American Automobile Association, the retail price of gasoline in Canada declined slightly to $ 2,892 per gallon, a first drop in 76 days. Nevertheless, the price of AAA rose by 7.1% in April and 18.8% for the year.

General Electric (NYSE 🙂 grew 4.5% after the first quarter and revenues exceeded analysts' estimates polled by Investing.com.

Seagate Technology (NASDAQ :), GE and Mohawk Industries (NYSE 🙂 were among the best performers in the S & P 500.

Alphabet Class A (NASDAQ 🙂 and Alphabet Class C (NASDAQ :), plus Baker Hughes (NYSE 🙂 and MGM Resorts (NYSE 🙂 were among the weakest S & P 500 artists on Tuesday.