[ad_1]
US stocks ended mainly on Tuesday, as tech stocks boosted Nasdaq Composite and S & P 500, but worries about the effect on the results of a prolonged trade dispute between the United States and China weighed on the Dow Jones Industrial Average.
Wall Street investors also expect the Federal Reserve to drop interest rates.
Fed President Jerome Powell will present his half-yearly testimony to Congress on Wednesday and Thursday. His appearance will give investors the opportunity to assess the outlook for monetary policy in the near term. The Fed will also publish the minutes of the June meeting of the central bank on Wednesday.
MORE FOXBUSINESS.COM
Senior US and Chinese officials are expected to speak this week to try to revive blocked trade talks between the two countries, but most of the tensions that had already undermined the talks have been maintained.
The 10-year US Treasury yield edged up to 2.06%.
Crude oil prices rose: the benchmark US West Texas Intermediate crude oil rose 22 cents to $ 57.88 per barrel.
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| I: DJI | DOW JONES MEANS | 26783.49 | -22.65 | -0.08% |
| SP500 | S & P 500 | 2979.63 | 3.68 | + 0.12% |
| I: COMP | COMPOUND INDEX NASDAQ | 8141.728021 | 43.35 | + 0.54% |
Stocks exposed to China traded down, including 3M, Boeing and Caterpillar.
PepsiCo has announced earnings and earnings exceeding expectations as the company continues its transition to healthier snacks and beverages under the leadership of a new CEO.
Gains in technology titans like Amazon.com, Facebook and Netflix have allowed Nasdaq to stay positive all day.
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| MMM | COMPANY 3M | 165.70 | -3.49 | -2.06% |
| BA | BOEING COMPANY | 353.09 | +1.97 | + 0.56% |
| CAT | CATERPILLAR INC. | 134.29 | -0.55 | -0.41% |
| DYNAMISM | PEPSICO INC. | 131.74 | -0.82 | -0.62% |
After four months of increases, the confidence of small business owners in the economy declined in June.
According to the National Federation of Independent Business, the index of small business optimism posted a score of 103.3 in June, down 1.7 points from the previous month.
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 1 988.30 | +35.98 | + 1.84% |
| FB | FACEBOOK INC. | 199.21 | +3.45 | + 1.76% |
| NFLX | NETFLIX INC. | 379.93 | 3.77 | + 1.00% |
The price of gold has risen slightly to reach $ 1,400.50 an ounce.
In Asian markets, the Chinese Composite Shanghai index closed Tuesday down 0.2%, Hong Kong down 0.8%, and Japan's Nikkei 0.14%.
CLICK HERE TO GET THE FOX BUSINESS APP
European markets ended the day down. The London FTSE slipped 0.2%, the German DAX 0.9% and the French CAC 0.3%.
[ad_2]
Source link