Roundup New York Stock Market The Nasdaq Loses Some Momentum

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ROUNDUP/Aktien New York: Rekordjagd geht weiter - Nasdaq geht etwas die Luft aus - boerse.de
ROUNDUP/Aktien New York: Rekordjagd geht weiter - Nasdaq geht etwas die Luft aus - boerse.de from

ROUNDUP: New York Stock Market: The Nasdaq Loses Some Momentum

US equities ended mixed Tuesday, with the Nasdaq Composite snapping a four-session winning streak.

The Dow Jones Industrial Average rose 176.44 points, or 0.54%, to 32,897.44, the S&P 500 added 19.65 points, or 0.49%, to 4,090.44, and the Nasdaq Composite fell 17.08 points, or 0.13%, to 11,932.69.

Trading was choppy, with investors digesting mixed corporate earnings reports and assessing the outlook for interest rates.

The Nasdaq's pullback came as investors took profits in some of the tech stocks that led this year's rally.

Apple, Microsoft, and Amazon all fell at least 1%.

The Dow was supported by gains in Boeing and Goldman Sachs.

Boeing shares gained 4% on the back of a strong earnings report.

Goldman Sachs rose 3.4% after announcing a better-than-expected profit.

Overall, the S&P 500 is up 6% so far this year, while the Nasdaq is up 12%.

Investors will be watching the release of the Federal Reserve's meeting minutes later this week for clues on the central bank's plans for interest rates.

The Fed has already raised rates three times this year, and it is expected to raise rates again at its next meeting in July.

The market is also awaiting the release of the latest consumer price index (CPI) data on Wednesday.

The CPI is a measure of inflation, and it will provide clues on the Fed's future policy path.

Conclusion

US stocks ended mixed on Tuesday, with the Nasdaq Composite snapping a four-session winning streak.

The Dow Jones Industrial Average and the S&P 500 both closed higher, supported by gains in Boeing and Goldman Sachs.

The Nasdaq fell as investors took profits in some of the tech stocks that led this year's rally.

Investors will be watching the release of the Federal Reserve's meeting minutes later this week for clues on the central bank's plans for interest rates.

The market is also awaiting the release of the latest consumer price index (CPI) data on Wednesday.