Wall Street Fights to Keep Early Gains

This post was originally published on this site

© Reuters. © Reuters.

Investing.com – Stocks were struggling to hold onto morning gains Tuesday even as President Donald Trump touted his administration’s economy policy and hopes for a phase one trade deal.

  • The , and indexes all hit new intraday highs but pulled back after the president offered no timetable on when to expect a trade deal with China.
  • The was up less than a point at 3 PM ET (20:00 GMT). The were off 0.1%. The Nasdaq and Nasdaq 100 were 0.1% higher.
  • Boeing (NYSE:) and Caterpillar (NYSE:) were the biggest drags on the Dow. Boeing was off nearly 1% after The Wall Street Journal said the company has lost more than 200 orders for 737 MAX jets. The company blamed airline bankruptcies and customers swapping out for other models. Caterpillar’s business is influenced by sales in China.
  • Walt Disney (NYSE:), Merck (NYSE:), and Microsoft (NASDAQ:) were among the Dow leaders. Facebook (NASDAQ:), Starbucks (NASDAQ:) and Advanced Micro Devices (NASDAQ:) were among the Nasdaq 100 leaders.
  • Trump’s speech was a rousing defense of his presidency, along with a full-throated round of bashing the Federal Reserve. But all he would say about the U.S.-China trade talks was that a deal was near.

  • Healthcare, communication services and technology were the strongest sectors, with real estate and energy the weakest. was higher. Interest rates were off slightly.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.