Wall Street today: S&P 500 and Dow Jones slip, Nasdaq edges higher
As of 10:15 am Eastern time, the S&P 500 was down 0.1 per cent, the Dow Jones Industrial Average dropped 0.2 per cent, and the Nasdaq Composite edged up by 0.1 per cent
Wall Street stock indices were mixed on Tuesday after the S&P 500 and the Nasdaq hit record high levels in the previous session.
As of 10:15 am Eastern time, the S&P 500 was down 0.1 per cent, the Dow Jones Industrial Average dropped 0.2 per cent, and the Nasdaq Composite edged up by 0.1 per cent.
At the opening bell, the Dow Jones Industrial Average fell 12.4 points, or 0.03 per cent, to 44769.58. The S&P 500 fell 4.2 points, or 0.07 per cent, to 6042.97, while the Nasdaq Composite dropped 39.6 points, or 0.20 per cent, to 19364.343.
The S&P 500 and the Nasdaq scored to record closing highs in the last session on a rally in tech stocks.
Investors were awaiting key economic data -- monthly jobs report -- this week that could provide clues on the Federal Reserve’s next monetary policy move.
On Monday, Fed Governor Christopher Waller said that he is inclined "at present" to support another interest rate cut later this month.
AT&T stock gained 5 per cent after the company raised its profit forecast for the full year.
Tesla shares lost 1.4 per cent after a judge in Delaware late Monday reaffirmed a previous ruling that the electric car maker must revoke Elon Musk’s multibillion-dollar pay package.
US Steel stock tumbled 8.3 per cent after Trump reiterated his opposition to Nippon Steel's planned $15 billion takeover of the company.
In the bond market, the yield on the 10-year Treasury fell to 4.17 per cent from 4.20 per cent late on Monday.
Bullion
Gold prices edged higher on Tuesday on weak US dollar.
Spot gold rose 0.1 per cent to $2,640.16 per ounce by 1242 GMT. US gold futures gained 0.2 per cent to $2,662.80.
Spot silver added 1.1 per cent to $30.82 per ounce.
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