U.S. stocks open modestly lower as summer rally set to pause

0
15

U.S. stocks opened modestly lower on Tuesday as the stunning summer rally appeared set to pause after the S&P 500 closed at its highest level in three months a day earlier. The S&P 500 SPX, +0.19% shed 3 points, or 0.1%, to 4,292. The Dow Jones Industrial Average gained 30 points, or 0.1%, to 33,958, as the blue-chip average was bolstered by strong earnings from Walmart Inc. WMT, +5.11%. The Nasdaq Composite declined 30, 0.2%, 13,097. Stocks have rallied sharply since hitting their lows of the year in June. The S&P was up more than 17% through Monday from its mid-June low, but remains down 10.4% from its Jan. 3 record close.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleThe Upcycler: It’s National Thrift Shop Day. Here are 7 tricks for scoring high-end clothes and more
Next articleU.K. bond yields spike after inflation surprise

LEAVE A REPLY

Please enter your comment!
Please enter your name here