U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining over 400 points on Tuesday.
The Dow traded up 0.84% to 52,105.00 while the NASDAQ fell 0.71% to 26,494.43. The S&P 500 also fell, dropping, 0.28% to 7,533.27.
Leading and Lagging Sectors
Utilities shares jumped by 1.2% on Tuesday.
In trading on Tuesday, information technology stocks fell by 0.5%.
Top Headline
John Wiley & Sons Inc (NYSE:WLY) shares fell more than 6% on Tuesday after the company reported mixed fourth-quarter financial results.
John Wiley & Sons reported quarterly earnings of $1.67 per share which beat the analyst consensus estimate of $1.65 per share. The company reported quarterly sales of $447.941 million which missed the analyst consensus estimate of $450.000 million.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded down 5.1% to $76.64 while gold traded up 0.1% at $4,355.10.
Silver traded up 0.2% to $70.290 on Tuesday, while copper rose 0.4% to $6.5215.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 0.3%, while Spain’s IBEX 35 Index rose 0.4%. London’s FTSE 100 rose 0.7%, Germany’s DAX gained 0.3%, while France’s CAC 40 rose 0.8%.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan’s Nikkei 225 gaining 0.13%, Hong Kong’s Hang Seng Index falling 1.40%, China’s Shanghai Composite declining 0.11% and India’s BSE Sensex climbing 0.74%.
Economics
The New York Fed’s services business activity index declined 4 points to a reading of -10.1 in June.
U.S. export prices increased by 1.3% month-over-month in May, while import prices surged 1.9% in May.
U.S. building permits fell 0.7% month-over-month to an annual rate of 1.413 million in May.
U.S. housing starts declined 15.4% month-over-month in May to an annual rate of 1.177 million.
Photo via Shutterstock