US Stock Market's Major Indices Close Mixed on Tuesday

IconCryptoNewsTerminal Staff14 Jun, 2024

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US Stock Market's Major Indices Close Mixed on Tuesday

The three major indices of the US stock market closed mixed on Tuesday, with the S&P 500 dipping 0.04%, the Nasdaq gaining 0.12%, and the Dow falling 0.15%. The S&P 500 closed at 4,012.60, while the Nasdaq Composite closed at 11,952.34. The Dow Jones Industrial Average closed at 33,912.18. The mixed performance of the indices comes as investors continue to assess the economic outlook amid ongoing geopolitical tensions and concerns about rising interest rates. The Federal Reserve is expected to raise interest rates again later this month in an effort to combat inflation, which could weigh on stock prices. However, some investors are optimistic about the long-term prospects of the stock market, citing strong corporate earnings and a resilient economy.

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