Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
US close: Stocks lower as Q2 tech earnings come into focus
(Sharecast News) - Wall Street stocks closed lower on Tuesday as market participants got their first taste of big-name tech earnings for Q2. At the close, the Dow Jones Industrial Average was down 0.14% at 40,358.09, while the S&P 500 lost 0.16% to 5,555.74 and the Nasdaq Composite saw out the session 0.06% weaker at 17,997..35.
The Dow closed 57.35 points lower on Tuesday, taking a modest bite out of gains recorded in the previous session.
Google parent company Alphabet met expectations with its latest quarterly earnings report but YouTube advertising revenues fell short of estimates, while electric carmaker Tesla's quarterly earnings nearly halved as price cuts put pressure on profits.
Elsewhere, soft drinks giant Coca-Cola hiked its full-year guidance on the back of increased global demand throughout Q2, while cigarette maker Philip Morris reported a 34% jump in quarterly profits amidst an "outstanding" quarter in which revenues topped estimates.
On the macro front, existing home sales fell by 5.4% in June, according to the National Association of Realtors, hitting an annualised rate of 3.89m units, the sharpest monthly decline since 2022.
"We're seeing a slow shift from a seller's market to a buyer's market," said NAR chief economist Lawrence Yun. "Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis."
On another note, the Richmond Federal Reserve's manufacturing index declined for a second month in a row, hitting -17 in July for the lowest reading since May 2020, down from -10 in June and missing expectations of a slight improvement to -7.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Boeing Co. (BA) $186.50 4.24% Travelers Company Inc. (TRV) $208.49 1.51% Goldman Sachs Group Inc. (GS) $491.09 1.05% American Express Co. (AXP) $246.79 0.88% Salesforce.Com Inc. (CRM) $256.21 0.78% Apple Inc. (AAPL) $225.01 0.47% Microsoft Corp. (MSFT) $444.85 0.43% Walmart Inc. (WMT) $70.65 0.38% Coca-Cola Co. (KO) $64.88 0.29% JP Morgan Chase & Co. (JPM) $210.33 0.02%
Dow Jones - Fallers
Walt Disney Co. (DIS) $90.94 -3.39% McDonald's Corp. (MCD) $253.59 -2.12% Nike Inc. (NKE) $73.40 -1.95% Chevron Corp. (CVX) $154.05 -1.85% Intel Corp. (INTC) $32.95 -1.26% Johnson & Johnson (JNJ) $152.35 -1.23% Visa Inc. (V) $264.79 -1.09% Caterpillar Inc. (CAT) $344.28 -1.06% Merck & Co. Inc. (MRK) $124.23 -1.04% Home Depot Inc. (HD) $359.61 -1.00%
S&P 500 - Risers
Pentair plc (PNR) $86.82 9.00% Msci Inc. (MSCI) $544.84 7.90% Sherwin-Williams Co. (SHW) $344.48 6.87% Zions Bancorporation (ZION) $52.53 6.16% General Electric Co. (GE) $172.00 5.68% Lockheed Martin Corp. (LMT) $499.88 5.63% Danaher Corp. (DHR) $263.81 5.30% Boeing Co. (BA) $186.50 4.24% CenturyLink Inc. (LUMN) $1.49 4.20% Carnival Corp. (CCL) $19.07 3.53%
S&P 500 - Fallers
United Parcel Service Inc. (UPS) $127.68 -12.05% PACCAR Inc. (PCAR) $97.10 -10.97% Smith A O Corp. (AOS) $80.47 -9.39% Mattel Inc. (MAT) $17.24 -7.71% Kimberly-Clark Corp. (KMB) $135.71 -5.73% Whirlpool Corp. (WHR) $101.28 -4.66% Quest Diagnostics (DGX) $140.76 -4.34% Analog Devices Inc. (ADI) $230.32 -4.05% Texas Instruments Inc (TXN) $198.29 -3.69% Microchip Technology Inc. (MCHP) $89.71 -3.66%
Nasdaq 100 - Risers
Sirius XM Holdings Inc (SIRI) $3.80 8.88% Charter Communications Inc. (CHTR) $320.23 2.32% Amazon.Com Inc. (AMZN) $186.41 2.11% Broadcom Inc. (AVGO) $163.77 1.68% Qurate Retail Inc. (QRTEA) $0.74 1.19% Incyte Corp. (INCY) $65.80 0.94% Take-Two Interactive Software Inc. (TTWO) $151.71 0.84% Liberty Global plc Series A (LBTYA) $19.01 0.80% Liberty Global plc Series C (LBTYK) $19.38 0.62% Paychex Inc. (PAYX) $123.71 0.59%
Nasdaq 100 - Fallers
PACCAR Inc. (PCAR) $97.10 -10.97% Analog Devices Inc. (ADI) $230.32 -4.05% Texas Instruments Inc (TXN) $198.29 -3.69% Microchip Technology Inc. (MCHP) $89.71 -3.66% Hasbro Inc (HAS) $58.28 -2.62% Comcast Corp. (CMCSA) $38.51 -2.58% CSX Corp. (CSX) $33.64 -2.52% JD.com, Inc. (JD) $26.19 -2.46% Trip.com Group Limited (TCOM) $46.26 -2.20% Cintas Corp. (CTAS) $756.04 -2.07%
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
