Yahoo Finance S&P 500, Nasdaq rise as banks drag Dow lower: Market close
US stocks (^DJI, ^IXIC, ^GSPC) closed Tuesday's session mixed as the S&P 500 and Nasdaq Composite maintained gains. The Dow Jones Industrial Average fell by just a smidge above 0.2%. Wall Street is looking ahead to August's Consumer Price Index (CPI) inflation data due out Wednesday morning.
Julie Hyman recaps the day's market action, looking at sector winners and losses seen from Big Bank stocks.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.
This post was written by Luke Carberry Mogan.
Video transcript
That's the closing bell on Wall Street, and now it is market domination over time sponsored by Tay Trade.
Let's see where the major averages ended the session here, remaining mixed on the day but sort of stalling out a little bit from some of the games that we saw yesterday.
We have CP I tomorrow morning, although that has sort of lost some importance in investors minds.
And then, of course, folks looking further AFI to the Fed a week from tomorrow.
Right now, we've got the Dow down 92 points, finishing the day lower by about a quarter percent.
The S and P to the upside, though almost a half of 1% and the NASDAQ leading gains here, up about 8/10 of 1%.
So that was the overall action.
If you look at the groups that were on the move today, yes, you had tech here up 1.5%.
But real estate also strong, up by nearly 2% consumer discretionary so sort of mixed here between an interest rate sensitive but also more cyclical groups sort of an interesting play there.
On the downside, we had energy stocks falling along with oil prices and the financials, which we talked about earlier, but just to get sort of a closing closing check on some of those stocks as well.
What we saw from the banks was some commentary that caused them to fall.
There is the bank, uh, board there.
JP.
Morgan, down 5%.
When all was said and done after President Daniel Pinto said at a conference that Wall Street's estimates for net interest, income and expenses might be a little too sunny, Goldman Sachs said, um, its trading revenues were falling by 10%.
So those shares down.
Um, but on the flip side, as we talked about the NASDAQ really standing out today, a lot of strength in large cap tech in particular Amazon up 2% and Microsoft up 2%.
Tesla, up 4.5%.
