US Stocks' Major Indices End Mixed, Nasdaq Logs Losses

IconCryptoNewsTerminal Staff30 Jul, 2024

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US Stocks' Major Indices End Mixed, Nasdaq Logs Losses

The three major stock market indices in the US ended with mixed results on Tuesday. The Dow Jones Industrial Average gained 0.6%, the S&P 500 rose 0.3%, while the Nasdaq Composite fell 0.3%. The mixed close came as investors digested a series of earnings reports and economic data. Several major companies, including Johnson & Johnson, Microsoft, and Visa, reported quarterly results that beat analyst expectations. However, the broader market was weighed down by losses in technology stocks, particularly in the semiconductor sector. The Nasdaq Composite, which is heavily weighted towards technology stocks, fell 0.3% on the day. The index was led lower by declines in shares of Apple, Amazon, and Alphabet. The Dow Jones Industrial Average, on the other hand, was boosted by gains in shares of Boeing, Caterpillar, and JPMorgan Chase. The S&P 500, which is a broader measure of the US stock market, ended the day with a modest gain of 0.3%. The index was supported by gains in shares of energy, financial, and industrial companies.

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