U.S. market indexes were higher on Tuesday with the Nasdaq Composite reaching a new closing high.
For the day the Dow Jones Industrial Average closed at 18,533.05 for a gain of 3.76 points or 0.02%. The Standard & Poor's 500 was higher at 2,181.74 for a gain of 0.85 points or 0.04%. The Nasdaq Composite closed higher at 5,225.48 for a gain of 12.34 points or 0.24%. The VIX Volatility Index closed at 11.63 for a gain of 0.13 points or 1.13%.
In the Dow Jones Industrial Average, the following stocks led gains for the day:
- Walt Disney (DIS, Financial) 1.02%.
- United Technologies (UTX, Financial) 0.51%.
- Pfizer (PFE, Financial) 0.43%.
- Apple (AAPL, Financial) 0.41%.
- Goldman Sachs (GS, Financial) 0.37%.
- Boeing (BA, Financial) 0.33%.
- Walmart (WMT, Financial) 0.27%.
- Procter & Gamble (PG, Financial) 0.27%.
- Microsoft (MSFT, Financial) 0.24%.
The NFIB Small Business Index was slightly higher on Tuesday. It reported an Index level of 94.6 above consensus of 94.5. Productivity was down in a report on Tuesday. The Productivity and Costs Report showed a decrease of -0.5% SAAR for the quarter. Wholesale trade was positive with a monthly gain of 0.3%. This was above the prior change of 0% and the consensus of 0%.
Technology was a leading factor for the market in trading on Tuesday. The following technology stocks led gains:
- Endo International PLC (ENDP, Financial) 21.83%.
- Charter Communications (CHTR, Financial) 8.00%.
- Liberty Interactive (LVNTA, Financial) 3.47%.
Momentum in the U.S. equity market appears to be trending higher as global yields are low and corporate earnings are improving. In a CNBC report Tuesday, market specialists discussed some of the global and domestic factors affecting the market with insight on what investors can expect for the third quarter.
Disclosure: I do not directly own any stocks included in this article.
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