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Equities Mostly Higher as Traders Parse Macro Data
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Equities Mostly Higher as Traders Parse Macro Data
Aug 29, 2024 5:17 AM

03:42 PM EDT, 08/27/2024 (MT Newswires) -- US benchmark equity indexes were mostly higher ahead of Tuesday's close as markets analyzed the latest economic data.

The S&P 500 and the Nasdaq Composite were up 0.1% each at 5,624.3 and 17,752.1, respectively. The Dow Jones Industrial Average was little changed at 41,244.3. Among sectors, technology led the gainers, while energy saw the steepest drop.

US consumer confidence increased this month, while the annual inflation outlook declined to its lowest level in nearly four-and-a-half years, the Conference Board reported.

US home prices rose to a "new all-time high" for June, though the pace of growth slowed both sequentially and annually, S&P Global ( SPGI ) division S&P Dow Jones Indices said.

Separately, the Federal Housing Finance Agency said home prices slipped 0.1% on a seasonally adjusted basis in June, following May's flat reading. The consensus was for a 0.1% rise in a survey compiled by Bloomberg.

The US 10-year yield rose 1.5 basis points to 3.83%, while the two-year rate fell 2.6 basis points to 3.91%.

SentinelOne ( S ) , Nordstrom ( JWN ) , and Semtech ( SMTC ) are among the companies scheduled to report their latest quarterly financial results after the closing bell.

West Texas Intermediate crude oil fell 2.2% to $75.74 a barrel.

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