U.S. stocks little changed amid 'illusion of market stability' after S&P 500 sets record
Tuesday, 2 July 2019 23:14 WIB |
MARKET UPDATE |DOW JONESS & P 500Indeks NasdaqSahamAS
U.S. stocks drifted between gains and losses Tuesday morning, one day after S&P 500 notched its sixth record of the year, in the wake of a China-U.S. trade truce achieved at the G-20 meeting in Japan on Saturday. However, doubts that a substantive deal can be quickly achieved has made investors reluctant to bid stocks much higher ahead of U.S. labor-market data due Friday.
The Dow Jones Industrial Average was off 12 points, or less than 0.1%, at 26,707, the S&P 500 gained less than a point to 2,965, while the Nasdaq Composite index gave up 5 points to reach 8,086, a decline of 0.1%.
On Monday, the Dow closed up 117 points, or 0.44%, to 26,717.43, briefly trading above its closing record at 26,828.39 during that session, while the S&P 500 index held on to a 0.8% gain, or 23 points, at 2,964.33, setting an intraday record at 2,977.86. The Nasdaq Composite was 85 points higher, or 1.1%, at 8,091.16. The Dow and the Nasdaq are within 1% of their records.
Source : Marketwatch