Dow clinches 6-day winning streak as early-yielding stock ends up lower

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  • The Dow Jones Industrial Average broke its series of six consecutive wins on Tuesday after a strong opening.
  • Beyond Meat (BYND) dropped after JPMorgan analysts lowered their rating on the stock while its $ 10 billion valuation was worrisome. Beyond the meat is the day's stock of real money.
  • Apple's shares (AAPL – Get Report) rose after its main iPhone maker said it could manufacture the technology giant's flagship product outside of China, easing concerns that tariffs could disrupt his supply chain.

Wall Street: overview

Shares ended lower on Tuesday after climbing earlier in the day, interrupting the series of six consecutive wins of the Dow Jones Industrial Average.

Wall Street had risen earlier in the day on the hope of lowering the Federal Reserve's short-term rates and taking further stimulus measures from China to support the world's second-largest economy.

The Dow Jones Industrial Average lost 14 points, or 0.05%, to 26,049, the S & P 500 lost 0.03% and the Nasdaq lost 0.01%.

United Technologies (UTX – Get Report), down 3.9%, Walt Disney (DIS – Get Report) down 1.4% and Boeing (BA – Get Report) down 1.2%, after the planner announced a May drop in May's deliveries due in part to the decline in its 737 MAX, once the best-selling.

Secretary of Commerce Wilbur Ross told CNBC that the US and China would succeed in negotiating a trade deal. President Trump announced Monday that he would impose additional tariffs on Chinese products if President Xi Jinping did not meet him at the G-20 meeting scheduled later this month. Ross said trade agreements are not reached at summits.

On Tuesday, Trump said he personally had a trade deal with China and that he would not complete it unless Beijing reverted to conditions negotiated earlier in the year, saying reported Bloomberg.

Larry Kudlow, director of the National Economic Council, told CNBC Tuesday that the US economy would continue to grow at a brisk pace until 2019, even though the US and China fail to reach an agreement commercial.

With respect to the economy, the US Bureau of Labor Statistics reported that the producer price index rose 0.1% on a seasonally adjusted basis in May, which was in line with expectations. This increase follows a 0.2% increase in April. Given that inflation does not appear to be a threat, economists believe that this could increase the likelihood of rate cuts by the US central bank if the economy is to weaken.

Apple shares (AAPL – Get Report) rose about 1.2% to 194.81 USD after the tech giant's main iPhone maker said he could manufacture the Apple's flagship product outside China, thereby easing fears that tariffs will disrupt its supply chain.

A federal judge is close to a decision that would block the acquisition of Aetna by CVS Health (CVS – Get Report), amounting to $ 69 billion, reported Tuesday the New York Post. Shares fell 1.9% to $ 53.95.

Tesla shares (TSLA – Get Report) rose nearly 2% to $ 217.10 in anticipation of the company's annual meeting, following a bullish call from analyst Baird Ben Kallo, who believes that the sale of the automaker before the resumption of last week has been exceeded.

Executive Director Elon Musk will lead the annual Tesla meeting Tuesday at 5:30 pm in Mountain View, California. AND.

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