Advertisment
The Dow Jones Industrial Average finished higher Tuesday as investors parsed through the latest batch of corporate earnings reports for insight into the state of the economy.
The 30-stock index rumbled 104.4 points to 33,733.96.
The S&P 500 dipped 2.86 points to 4,016.85.
The NASDAQ Composite fell 30.14 points to 11,334.27.
Earnings season continued Tuesday with mixed results. 3M dropped 6.2% on disappointing guidance, while Union Pacific dipped 3.3% after the railroad company’s results fell short of analysts’ estimates. The unofficial start to big-tech results kicks off with Microsoft reporting after the bell.
The gains have come despite an underwhelming start to earnings season and more signs that the U.S. economy is slowing. Some investors hope these findings will prompt a pivot from the Federal Reserve when it convenes at its policy meeting next week.
Prices for the 10-year Treasury gained ground, lowering yields to 3.46% from Monday’s 3.53%. Treasury prices and yields move in opposite directions.
Oil prices were lower $1.50 to $80.12 U.S. a barrel.
Gold prices jumped $9.80 to $1,938.40 U.S. an ounce.
