US stocks retreat from records on mixed earnings, data

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

United States News News

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

NEW YORK: Wall Street stocks finished lower on Tuesday (Jul 16), retreating from records following mixed earnings and economic data and amid talk ...

NEW YORK: Wall Street stocks finished lower on Tuesday , retreating from records following mixed earnings and economic data and amid talk the market is due for a pullback.

"The S&P 500 has reached into a level of overbought territory that suggests a period of consolidation and increased volatility may lie directly ahead," Canaccord Genuity equity strategist Tony Dwyer warned.The broad-based S&P 500 shed 10.26 points to end the session at 3,004.04, while the tech-rich Nasdaq Composite Index fell 35.39 points to close at 8,222.80.for June easily topped estimates, suggesting a confident consumer.

 

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

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