25.06.2024 20:24:27 - dpa-AFX: Nasdaq Rises More Than 1% As Technology Stocks Rebound; Dow Drifts Lower

WASHINGTON (dpa-AFX) - U.S. stocks are turning in a mixed performance once
again, with investors largely making cautious moves on Tuesday, while awaiting
some crucial economic data, including a report on consumer income and spending,
for clues about possible monetary policy moves by the central bank.

Among the major averages, the Dow is down today, retreating after rising in the
previous session. The index was down 290.17 points or 0.74 percent at 39,121.04
a little while ago.

The S&P 500 was up 16.97 points or 0.31 percent at 5,464.84, while the Nasdaq
was up 203.26 points or 1.16 percent at 17,700.08.

Nvidia Corporation shares are up 5.55 percent, rebounding well from recent
losses. Apple Inc is gaining about 1 percent. Alphabet is up more than 2
percent, while Amazon and Meta Platforms are gaining 1.2 percent, and 2 percent,
respectively.

Eli Lilly, Tesla, Applied Materials, GE Aerospace, Uber Technologies, Dell and
Airbnb are also up sharply.

Nike, Blackstone Inc., IBM, Pfizer, Caterpillar, McDonalds Corporation, Wells
Fargo, Bank of America, J&J, Procter & Gamble, Walmart and Berkshire Hathway are
down with sharp to moderate losses.

On the economic front, the Chicago Fed's measure of overall economic activity
and related inflationary pressure in the United States rose in May for the first
time in three months, survey results showed.

The Chicago Fed National Activity Index, or CFNAI, rose to +0.18 in May from
-0.26 in April, which was revised from -0.23. In the same month last year, the
reading was -0.17. The latest score was the strongest since +0.29 in February.

U.S. house prices rose less than expected in April, after stagnating in the
previous month, latest data from the Federal Housing Financing Agency showed.

The seasonally adjusted house price index increased 0.2 percent from the
previous month. Economists had forecast a 0.3 percent gain. March's 0.1 percent
increase was revised down to 0.0 percent.

House prices rose 6.3 percent year-on-year in April, which was more than double
the 3.1 percent gain registered in the same month last year.

Survey data from the Conference Board showed consumer confidence in the U.S.
eased slightly in June as households' economic expectations eroded. The
Conference Board Consumer Confidence Index fell to 100.4 from 101.3 in May.
Economists had expected a reading of 100.

The Expectations Index, which mirrors consumers' short-term outlook for income,
business, and labor market conditions, slid to 73.0 from 74.9 in May.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Dow Jones Industrial Average ( 969420 DOW JONES Indizes 39.118,86 28.06.24 22:20:01 -45,20 -0,12% 39.016,90 39.233,90 39.107,10 39.164,06
NASDAQ COMP. 969427 NASDAQ Indizes 17.732,60 28.06.24 22:44:50 -126,08 -0,71% - - 17.891,09 17.858,68

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