The Dow jumped on Tuesday as traders weighed earnings reports from two key retailers.
The Dow rose 34 points on Tuesday, or 0.1%, led by gains from Walmart and Home Depot, which jumped more than 1% and 5%, respectively. The S&P 500 slipped 0.14%, while and Nasdaq Composite edged 0.44% lower.Industrial production rose more than expected in July at a time when concern are rising over the U.S. manufacturing sector.
t. Economists surveyed by Dow Jones had been looking for 1.52 million on the starts number, which would have been a drop of 2.5%. Nearly all professional investors are looking for lower inflation over the next year and have been loading up on U.S. stocks, according to the latest Bank of America Fund Manager Survey.
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