S&P 500, Dow edge lower after mixed retail earnings

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

U.S. stock index futures eased on Tuesday, handing back gains from the S&P 500's best day in six weeks in the previous session, as disappointing ...

REUTERS: The S&P 500 and Dow Jones indexes eased on Tuesday, handing back some gains from a strong rally in the previous session, as investors digested a mixed set of quarterly results from retailers including Home Depot and Walmart.

"Home Depot's earnings report shows we shouldn't assume businesses deemed essential with a strong online presence are entirely immune from the effects of the virus," said Mike Loewengart, managing director of investment strategy at E*TRADE Financial Corp. The benchmark index jumped more than 3per cent on Monday, boosted by promising early stage data for a potential COVID-19 vaccine and Federal Reserve Chair Jerome Powell's pledge to support the economy as needed until the current crisis has passed.Attention now turns to testimony by Powell and U.S. Treasury Secretary Steven Mnuchin before the Senate Banking Committee about the government's handling of its massive economic response to the health crisis.

At 9:57 a.m. ET, the Dow Jones Industrial Average was down 136.92 points, or 0.56per cent, at 24,460.45, the S&P 500 was down 5.92 points, or 0.20per cent, at 2,947.99, and the Nasdaq Composite was up 33.17 points, or 0.36per cent, at 9,268.00.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US: Stocks surge on Covid-19 vaccine progress, Dow ends +3.9%[NEW YORK] Wall Street stocks rocketed higher on Monday following positive news on the first clinical tests of a coronavirus vaccine, lifting shares of airlines, hotels and other beaten-down sectors. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US: Stocks surge on Covid-19 vaccine progress, Dow ends +3.9%[NEW YORK] Wall Street stocks rocketed higher on Monday following positive news on the first clinical tests of a coronavirus vaccine, lifting shares of airlines, hotels and other beaten-down sectors. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »