US stocks gave investors a mixed bag Tuesday as corporate earnings and a fresh trade deal made waves! The Dow climbed 0.4% to close at 44,502.44, and the S&P 500 nudged up to a record 6,309.62. Meanwhile, the Nasdaq slid 0.39% to settle at 20,892.69, weighed down by tech losses. 💹
Nine of the 11 primary S&P 500 sectors ended in positive territory, with health care (+1.9%) and real estate (+1.78%) leading the charge. Only technology (-1.08%) and communication services (-0.31%) fell behind.
Markets rebounded from earlier dips after US President Donald Trump announced a new trade agreement with the Philippines, sparking optimism for broader progress in international trade.
So far, 88 S&P 500 companies have reported Q2 earnings, with more than 82% beating analyst estimates, according to FactSet. Investors are now eagerly awaiting Wednesday’s earnings from major tech players like Alphabet and Tesla, part of the famous "Magnificent Seven." 🚀
Reference(s):
cgtn.com
