Wall Street had a rollercoaster Tuesday as investors juggled corporate earnings and trade updates. The Dow Jones Industrial Average climbed 0.4% to 44,502.44 🎢, while the S&P 500 inched up 0.06% to a fresh record high. But tech stocks dragged the Nasdaq down 0.39%, with big-name players taking a hit.
Healthcare and real estate sectors stole the spotlight, jumping 1.9% and 1.78% respectively 🏥🏠. Meanwhile, tech and communication services slumped, dropping over 1% in some cases—ouch, Silicon Valley! 💻📉
Markets perked up after news of a U.S.-Philippines trade deal, sparking hopes for smoother global trade winds 🌏🤝. So far, 82% of S&P 500 companies have crushed Q2 earnings estimates, per FactSet. Now all eyes are on Alphabet and Tesla, set to kick off earnings for the 'Magnificent Seven' tech giants Wednesday. 🚀🔍
Reference(s):
cgtn.com
