Stocks were mixed on Wall Street on Tuesday, but gains were strong enough for tech companies and other pockets of the market to carry the S&P 500 to its fourth straight gain and another record high.
Stocks were mixed on Wall Street on Tuesday, but gains for tech companies and other pockets of the market were strong enough to carry the Standard & Poor’s 500 to its fourth straight gain and another record high.
Earlier in the morning, most stocks on Wall Street had been edging higher after the United States and China said they held constructive talks on how to implement their “Phase 1” deal, which set a truce in their trade war.Tensions between the U.S. and China have been ramping up recently, with President Trump targeting Chinese technology companies in particular.
Underlying it all is massive support for markets and the economy from the Federal Reserve. The central bank has slashed short-term rates to nearly zero and is buying all kinds of bonds, which helps drive some investors into the stock market and push up its prices.The Fed’s chair, Jerome H. Powell, will give a highly anticipated speech this week, where investors expect to hear him talk about the next steps for monetary policy.The yield on the 10-year Treasury rose to 0.68% from 0.64% late Monday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tech stocks and S&P 500 hit highs – four experts on what to watchStocks were trading higher on Monday, with the XLK technology ETF and broader S&P 500 both hitting records. Four experts discuss what they're watching now.
Read more »
Stocks finish higher; S&P 500, Nasdaq sweep to new recordsU.S. stocks closed mostly higher Tuesday, pushing the S&P 500 and Nasdaq indexes to another round of record highs, as investors took some comfort from...
Read more »
Asia Pacific stocks set to trade higher as S&P 500 hits another all-time highOvernight stateside, the S&P 500 rose 1% to 3,431.28 and hit an all-time high, with Monday also marking the index's first-ever close above 3,400.
Read more »
Why the S&P 500 cares less about who’s president — particularly in their first yearInvestors fleeing the stock market just prior to President Obama's White House tenure missed a 26% return in 2009, and a 22% gain in 2017 for those sellers...
Read more »
Coronavirus live updates: US reports less than 500 new deaths for 2nd straight dayCORONAVIRUS LATEST: • U.S. reports under 500 new deaths for second straight day. • Pandemic has killed more than 813,000 people across the globe. • Over 23.6 million people have been diagnosed with COVID-19.
Read more »