Market Close Commentary For 07-23-2013
Technical difficulties with Comcast service have prevented Gary posting his market close commentary. We bring a report from our content sharing partner Investing.com instead.
U.S. stocks ended Tuesday mixed after a lackluster session marked by investors buying and selling equities on earnings as well as on uncertainty as to when Federal Reserve stimulus measures may begin to wind down. Stimulus programs such as low interest rates and the Fed’s monthly purchases of USD85 billion in assets suppress borrowing costs across the economy and make stocks an attractive buy.
At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.15%, the S&P 500 index fell 0.19%, while the Nasdaq Composite index fell 0.59%.
Chemical giant DuPont and technology Dow component United Technology released second-quarter earnings earlier that beat expectations, though disappointing data in Netflix, Peabody Energy and other reports helped offset gains.
Trading was largely quiet, as investors awaited fresh signs to indicate when monetary stimulus measures may unwind.
The following summary tables from Investing.com as of 5:00pm can each be accessed as the latest live streaming data by clicking on a table.
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