financetom
Market
financetom
/
Market
/
Equities Mostly Higher as Traders Parse Macro Data
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Financial
Sector Update: Financial
Apr 5, 2024
08:08 AM EDT, 04/05/2024 (MT Newswires) -- Financial stocks were advancing premarket Friday, with the Financial Select Sector SPDR Fund (XLF) gaining 0.3%. The Direxion Daily Financial Bull 3X Shares (FAS) was 1.1% higher, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) retreated 0.7% recently. HIVE Digital Technologies ( HIVE ) said it has mined 224 bitcoins...
Qualcomm, Broadcom And 2 Other Stocks Insiders Are Selling
Qualcomm, Broadcom And 2 Other Stocks Insiders Are Selling
Apr 5, 2024
The Nasdaq 100 closed lower by around 1.5% on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment...
Sector Update: Tech
Sector Update: Tech
Apr 5, 2024
08:14 AM EDT, 04/05/2024 (MT Newswires) -- Technology stocks were gaining premarket Friday, with the Technology Select Sector SPDR Fund (XLK) up 0.4% and the SPDR S&P Semiconductor ETF (XSD) unchanged. Semantix ( STIX ) shares were down more than 47% after the company said late Thursday it notified the Nasdaq Stock Market of its decision to voluntarily delist its...
Sector Update: Health Care
Sector Update: Health Care
Apr 5, 2024
08:17 AM EDT, 04/05/2024 (MT Newswires) -- Health care stocks were leaning higher pre-bell Friday, with the Health Care Select Sector SPDR Fund (XLV) marginally up and the iShares Biotechnology ETF (IBB) adding 0.2%. Nutex Health ( NUTX ) slid more than 15% after the company said it would implement a 1-for-15 reverse stock split to regain compliance with Nasdaq's...
Copyright 2023-2026 - www.financetom.com All Rights Reserved