Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

US close: Stocks mixed ahead of key data releases

(Sharecast News) - Wall Street experienced a mixed performance on Tuesday, with its main market indices showing varied results following a record close in the previous session. Investors were closely monitoring upcoming economic data, including a preliminary reading for fourth-quarter US GDP scheduled for Thursday and key inflation readings set for release on Friday.

The Dow Jones Industrial Average closed with a modest decline of 0.25%, settling at 37,905.45 points.

On the other hand, the S&P 500 index managed to gain 0.29%, reaching 4,864.60 points, and the Nasdaq Composite posted a gain of 0.43% to finish at 15,425.94 points.

In currency markets, the dollar was last down 0.05% on sterling, trading at 78.78p, while it remained steady with no change against the euro at 92.13 euro cents.

The greenback experienced a slight decline of 0.14% on the yen, changing hands at JPY 148.14.

"Traders who were cheering on the market as it rallied to fresh highs now find themselves adopting a more cautious tone as they await Netflix earnings tonight," said IG chief market analyst Chris Beauchamp.

"As the first of the 'magnificent seven' to report, the video-sharing giant will likely have an outsize move on the market in the short-term.

"Having gained 45% since October the stock does look ripe for a little profit-taking, even if the medium-term outlook remains solid."

RTX and Verison rise, Johnson & Johnson falls back

In equity markets, aerospace company RTX surged 5.33% after it reported fourth-quarter profits and revenues that exceeded expectations, garnering increased investor confidence and interest.

Verizon Communications also recorded an impressive uptick, with its shares rising 6.7% by the close.

Investors were pleased by the telecom company's latest quarterly subscriber numbers, which contributed to the substantial increase in share value.

On the downside, Johnson & Johnson declined 1.66% despite surpassing analysts' estimates for its quarterly results.

Reporting by Josh White for

Dow Jones - Risers

Verizon Communications Inc. (VZ) $42.23 6.70% Procter & Gamble Co. (PG) $153.98 4.14% Intel Corp. (INTC) $48.89 1.39% Nike Inc. (NKE) $101.90 1.33% Apple Inc. (AAPL) $195.18 0.67% Dow Chemical Co. (DOW) $53.91 0.65% International Business Machines Corporation (CDI) (IBM) $173.94 0.64% Microsoft Corp. (MSFT) $398.90 0.60% McDonald's Corp. (MCD) $300.05 0.55% Unitedhealth Group Inc. (UNH) $515.52 0.49%

Dow Jones - Fallers

3M Co. (MMM) $96.10 -11.03% Home Depot Inc. (HD) $350.78 -1.66% Johnson & Johnson (JNJ) $159.81 -1.64% Boeing Co. (BA) $211.50 -1.60% Walt Disney Co. (DIS) $93.77 -1.38% Travelers Company Inc. (TRV) $210.98 -1.35% Goldman Sachs Group Inc. (GS) $380.77 -1.34% Salesforce.Com Inc. (CRM) $276.77 -1.26% JP Morgan Chase & Co. (JPM) $168.99 -0.66% Chevron Corp. (CVX) $142.09 -0.28%

S&P 500 - Risers

Verizon Communications Inc. (VZ) $42.23 6.70% RTX Corporation (RTX) $89.55 5.33% United Airlines Holdings Inc (UAL) $40.49 5.31% Procter & Gamble Co. (PG) $153.98 4.14% PACCAR Inc. (PCAR) $101.01 4.04% Hanesbrands Inc. (HBI) $4.29 3.87% McCormick & Co. (MKC) $66.80 3.39% Southwest Airlines Co. (LUV) $31.11 3.15% Alaska Air Group Inc. (ALK) $35.83 2.87% Fortinet Inc. (FTNT) $64.41 2.79%

S&P 500 - Fallers

3M Co. (MMM) $96.10 -11.03% D. R. Horton Inc. (DHI) $143.13 -9.24% Invesco Ltd. (IVZ) $15.95 -8.28% PulteGroup Inc. (PHM) $103.60 -5.16% Lennar Corp. Class A (LEN) $147.59 -4.95% Lockheed Martin Corp. (LMT) $439.67 -4.16% Quanta Services Inc. (PWR) $195.56 -3.88% Franklin Resources Inc. (BEN) $27.25 -3.81% Mohawk Inds Inc. (MHK) $97.96 -2.96% Masco Corp. (MAS) $67.03 -2.91%

Nasdaq 100 - Risers

NetEase Inc. Ads (NTES) $98.04 7.85% Baidu Inc. (BIDU) $107.19 7.49%, Inc. (JD) $23.22 7.20% Qurate Retail Inc. (QRTEA) $0.86 5.52% PACCAR Inc. (PCAR) $101.01 4.04% Group Limited (TCOM) $36.05 3.15% American Airlines Group (AAL) $14.00 2.79% Seagate Technology Plc (STX) $89.26 2.45% Analog Devices Inc. (ADI) $201.37 2.06% Expedia Group Inc. (EXPE) $148.50 1.95%

Nasdaq 100 - Fallers

DENTSPLY Sirona Inc. (XRAY) $35.49 -2.15% Micron Technology Inc. (MU) $87.53 -1.92% Align Technology Inc. (ALGN) $266.43 -1.91% Monster Beverage Corp (MNST) $55.57 -1.33% Check Point Software Technologies Ltd. (CHKP) $157.05 -1.26% Starbucks Corp. (SBUX) $91.97 -1.18% Intuitive Surgical Inc. (ISRG) $371.41 -1.17% Biomarin Pharmaceutical Inc. (BMRN) $93.00 -1.06% Adobe Systems Inc. (ADBE) $597.18 -1.06% O'Reilly Automotive Inc. (ORLY) $1,025.38 -1.03%

Share this article

Related Sharecast Articles

Asia report: Most markets lower as China's exports fall short
(Sharecast News) - Asia-Pacific markets finished in a mixed but primarily lower state on Friday, as investors assessed fresh economic data from Singapore and South Korea.
London open: Stocks rally after GDP data, ahead of US earnings
(Sharecast News) - London stocks rose in early trade on Friday as the latest GDP data suggested the UK recession had ended and as investors eyed the start of US earnings season.
Europe open: Stocks jump early as investors digest ECB comments
(Sharecast News) - European stocks rose strongly on Friday as investors continued to digest comments from the European Central Bank, which indicated that a rate cut would be on the cards in the coming months.
London pre-open: Stocks seen up as investors mull GDP data
(Sharecast News) - London stocks were set to rise at the open on Friday as investors mulled the latest UK GDP data and eyed the start of US earnings season.

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.