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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 Sharecast.com.

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% JD.com, Inc. (JD) $23.22 7.20% Qurate Retail Inc. (QRTEA) $0.86 5.52% PACCAR Inc. (PCAR) $101.01 4.04% Trip.com 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%

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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.

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