US stock indices were mixed on Tuesday, as investors focused on potential trade tariff developments and the Federal Reserve’s interest rate strategy.
At 09:57 a.m. ET, the Dow Jones Industrial Average fell 99.35 points, or 0.22 per cent, to 44,444.83, the S&P 500 gained 5.87 points, or 0.10 per cent, to 6,120.62, and the Nasdaq Composite gained 33.71 points, or 0.17 per cent, to 20,060.48.
At the opening bell, the Dow Jones Industrial Average rose 37.8 points, or 0.08 per cent, to 44583.91. The S&P 500 rose 7.0 points, or 0.11 per cent, to 6121.6, while the Nasdaq Composite rose 63.8 points, or 0.32 per cent, to 20090.554.
In the bond market, the yield on the 10-year Treasury rose to 4.51 per cent from 4.48 per cent late on Friday.
Gainers and losers
UnitedHealth stock dropped 2.2 per cent.
Entergy jumped 6.2 per cent after the electric company reported stronger quarterly profit.
Among the megacap stocks, Nvidia advanced 1.9 per cent.
Intel shares rose 6.6 per cent after a report said rivals Taiwan Semiconductor Manufacturing Co and Broadcom was each eyeing potential deals that could break the chipmaking icon in two.
Constellation Brands stock jumped 5.4 per cent after Warren Buffett’s Berkshire Hathaway disclosed a new investment in the alcoholic beverages producer.
Bath & Body Works stock gained 7.4 per cent after JPMorgan upgraded its rating on the beauty and skincare company to ‘overweight’.
Bullion
Gold prices rose on Tuesday as concerns over economic growth prompted safe-haven buying.
Spot gold gained 0.9 per cent to $2,923.89 an ounce as of 09:32 am ET (1432 GMT). US gold futures added 1.4 per cent to $2,940.30.
Spot silver fell 0.7 to $32.57 an ounce.
Crude oil
Oil prices pared early gains on Tuesday on supply worries.
Brent crude futures were down 4 cents at $75.18 per barrel by 1406 GMT, retreating from $76.07 earlier in the session. US West Texas Intermediate crude futures were up 43 cents from Friday’s close to $71.17 a barrel.
