Symbol	Name	Price		Change	%Change
DJIA	Dow Industrials	18595.03		36.02	0.19%
S& P 500	S& P 500 Index	2173.02		9.24	0.43%
NASDAQ	NASDAQ	5089.93		53.56	1.06%

 

 

Symbol	Name	Price		Change	%Change
DJIA	Dow Industrials	18559.01		25.96	0.14%
S& P 500	S& P 500 Index	2163.78		-3.11	-0.14%
NASDAQ	NASDAQ	5036.37		-19.41	-0.38%

US stocks close mixed amid earnings Dow hits 6th day of record closes

Wall Street closed mixed Tuesday after weeks of record highs for stocks, as investors digested second-quarter earnings.

The Dow Jones industrial average closed at a record high for the sixth day in a row, with McDonald' s contributing the most gains. The blue-chip index had its eighth straight positive session for the first time since March of 2013.

The S & P 500 closed 3 points lower for its second negative session in the past three, with materials and energy leading eight out of ten sectors in the red. The Nasdaq composite closed 0.38 percent lower.

Investors are looking for signs of recovery in a corporate earnings recession, Boockvar said.

U.S. housing starts rose more than expected in June, at a pace of 1.19 million units versus economists' expectations of a 1.17 million-unit pace, according to Reuters.

Stocks in Europe dipped Tuesday as investor sentiment fell in Germany. A German index of investor and analyst expectations fell in July to the lowest level since November 2012, the ZEW center for European Economic research said.

" It' s more surveying investors more than businesses but I think it' s a reminder that the European economy is going to be impacted from the U.K.' s decision to leave," The Lindsey Group' s Boockvar said.

The German DAX closed roughly three-quarters of a percent lower. Asian markets closed mixed, with the Nikkei up despite shares of SoftBank falling roughly 10 percent after announcing a $ 32 billion deal to buy British chip designer ARM.

Oil prices fell as concerns over a global glut were offset by a new disruption in Libyan supply, Reuters reported. A protest shut down an eastern Libyan oil terminal, forcing the operator to suspend production of 100,000 barrels per day, according to Reuters.

U.S. crude futures settled down 59 cents, or 1.30 percent, to $ 44.65 per barrel. Brent crude futures settled at $ 46.66 for the second negative session in a row.

Read more ....