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Nasdaq turns negative as Dow soars | July 16, 2024

DeFi Daily News by DeFi Daily News
July 16, 2024
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Nasdaq turns negative as Dow soars | July 16, 2024
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#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto

To get the latest market news check out finance.yahoo.com

The Nasdaq Composite (^IXIC) turned lower in afternoon trading on Tuesday with the tech-heavy index falling about 0.2%.

The Dow (^DJI) and S&P 500 (^GSPC), however, held onto gains as the Dow surged more than 1.4% to trade around 40,788. The index was boosted by shares of UnitedHealth (UNH), which climbed about 5% after the insurance company posted earnings that beat expectations.

Crude oil (CL=F) dropped more than 1% to trade just below $81 a barrel as traders assessed disappointing growth data out of China.

Yields also declined with the 10-year treasury yield (^TNX) falling around 4 basis points to trade near 4.2%.
For more on this article, please visit:
https://finance.yahoo.com/news/stock-market-today-dow-sp-500-build-on-records-as-a-retail-sales-surprise-fuels-rate-cut-hopes-133219747.html

source

Tags: Activision Blizzardbiden administrationBitcoinBondsbusinesscongressCPICrude oil futuresCurrenciesDowEquitiesFederal ReserveFXGazaInflationInvestingInvestmentIsraeljobs reportJPMorganJulyMarketMarketsMicrosoftmiddle eastMoneynasdaqNegativeNewsnonfarm payrollsNYSEPersonal FinancePoliticsrecessionRussiaS&P 500SavingsSoarsStock marketstocksTurnsUnemployment RateUS banksWells FargoYahoo FinanceYahoo FInance Premium
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