On Tuesday, US stocks closed mixed. While both the S&P 500 (+12 points or 0.36% to 3443) and the Nasdaq 100 (+95 points or 0.82% to 11721) closed at record levels again, the Dow Jones Industrial Average eased 60 points (-0.21%) to 28248.
S&P 500 Index: Daily Chart
The media (+ 1.23%), consumer services (+ 1.19%) and software & service (+ 1.18%) sectors performed best, while energy (-1.42%), cars and components (-1.08 %) and tools (-0.92%)) sectors were delayed.
Gap (GPS + 10.39%), JM Smucker (SJM + 6.87%), Amgen (AMGN + 5.37%) and Starbucks (SBUX + 5.13%) were top winners. On the other hand, Best Buy (BBY -4.03%), Exxon Mobil (XOM -3.17%) and Phillips 66 (PSX -3.17%) were the biggest losers.
Approximately 61.2% (58.8% in the previous session) of stocks in the S&P 500 index traded above their 200-day moving average and 67.7% (50.9% in the previous session) traded above their 20-day moving average. days moving average.
In terms of U.S. economic data, the Conference Board Consumer Confidence Index fell to a six-year low of 84.8 in August (expected 93.0). New home sales jumped to an annual rate of 901,000 units in July (790,000 units expected).
Due to later today, reports on durable goods were orders (preliminary processing in July + 4.5% in expected month).
European stocks lacked momentum. The Stoxx Europe 600 index fell 0.30%, the UK FTSE 100 fell 1.11%, while both Germany’s DAX 30 and France’s CAC 40 were largely close.
US government bond prices eased further as benchmark US 10-year government yields rose to 0.693% from 0.649% on Monday.
Spot gold was slightly changed to $ 1,928 per. Ounce.
US WTI crude oil futures (September) jumped 1.7% to $ 43.35 per share. Barrel. Hurricane Laura is expected to hit the Gulf of Mexico later this week, and traders are keeping an eye on how oil production there will be disrupted.
On the forex front, the ICE US Dollar Index fell 0.3% on the day to 93.01.
EUR / USD rose 0.4% to 1.1832. Official data showed that Germany’s second quarter GDP was confirmed at -9.7% compared to the quarter (-10.1% expected and previously estimated). On the other hand, the German IFO Business Climate Index rose to 92.6 in August (expected 92.2) from 90.4 in July.
GBP / USD rose 0.6% to 1.3147.
The USD / JPY climbed 0.4% to 106.37, up for another straight session.
NZD / USD rose 0.3% to 0.6646. Official data showed that New Zealand recorded a trade surplus of 282 million New Zealand dollars (293 million New Zealand dollars profit expected), with exports amounting to 4.91 billion New Zealand dollars (as expected).
Other commodity-linked currencies were broadly higher against the greenback as market sentiment was strengthened by progress in the US-China Phase 1 trading agreement. AUD / USD rose 0.5% to 0.7193, while USD / CAD slipped 0.4% to 1.3168.