Dow industrials erase bulk of intraday triple-digit decline
U.S. stocks were slightly lower Tuesday despite a comeback late in the previous session that hinted investors may be willing to buy stocks despite anxieties about tensions between the U.S. and Iran.
The Dow stands 0.6% off its record at 28,868.80, the S&P 500 is about 0.4% shy of its all-time peak at 3,257.85, while the Nasdaq sits just 0.2% from a record close of 9.092.19, all set on Jan. 2.What’s driving the market? Investors are trying to brush off rising tensions in the Middle East prompted by the killing of top Iranian Maj. Gen. Qassem Soleimani by the U.S. on Friday.
However, market participants are judging the developments as not yet sufficient to knock down a powerful stretch of gains for U.S. stocks that leaves the major indexes all less than 1% from records. In economic news, the U.S. Commerce Department said the trade deficit narrowed in November to a 3-year low. Factory orders fell 0.7% in November, the Commerce Department said, marking the third decline in four months. But a reading on the U.S. service sector rose to 55 in December from 53.9 the prior month, according to the Institute for Supply Management.
FireEye Inc. FEYE, +3.35% shares rose more than 3%, nearing their highest level in about 11 months, after an analyst upgrade. The analyst, with SunTrust Robinson Humphrey, raised his stock price target by nearly half. Gold prices GCG20, +0.19% on Tuesday were edging up less than 0.1% higher at $1,570.10 an ounce after closing out Monday at a seven-year high, according to FactSet data.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Wall St. brushes off Middle East tensions as tech-related shares gainU.S. stocks ended higher on Monday, rebounding from Friday's losses as inve...
Consulte Mais informação »
Wall Street market analysts see deeper sell-off ahead: 'Ripe for a tactical correction'Geopolitical shocks have historically led to sharp pullbacks, with the S&P 500 declining 6% or even suffering a correction, analysts say.
Consulte Mais informação »
Wall Street poised for small gains as Mideast concerns ebbU.S. stock index futures signaled small gains for Wall Street at the open on Tue...
Consulte Mais informação »
EXCLUSIVE: Women Execs of Retail, Wall St., Silicon Valley Form ‘DealmakeHers’The DealmakeHers community calls on an impressive list of female founders and funders, with the launch to be honored by the NRF at the Big Show.
Consulte Mais informação »