02.07.2024 19:49:28 - dpa-AFX: U.S. Stocks Turning In Mixed Performance; Tesla Soars After Reporting Sales Data

WASHINGTON (dpa-AFX) - U.S. stocks are turning in a mixed performance in
somewhat lackluster trade on Tuesday, as investors await some crucial economic
data, including reports on non-farm payroll data, for more clarity about the
outlook for Fed interest rates.

With the market set to close early on Wednesday and remain closed on Thursday
for Independence Day, the volume of business is rather thin today.

Among the major averages, the Dow is down 12.67 points or 0.03 percent at
39,156.85. The S&P 500 is gaining 13.68 points or 0.25 percent at 5,488.77,
while the Nasdaq is up 96.10 or 0.54 percent at 17,975.40.

Data from the Labor Department showed the number of job openings rose to 8.140
million in May, up 221,000 from a month earlier.

Readbook Research said the Redbook Index in the U.S. increased by 5.8 percent in
the week ending June 29, compared to the same week in the previous year.

Investors also noted Fed Chair Jerome Powell's speech at a central banking forum
in Sintra, Portugal. Powell expressed satisfaction with the progress on
inflation but said he wants to see more before being confident enough to start
cutting interest rates.

'We want to be more confident that inflation is moving sustainably down toward
2% before we start the process of reducing or loosening policy,' he said.

On the political front, the U.S. Supreme Court's ruling that former President
Donald Trump is entitled to immunity from federal prosecution for official
actions he took while in office, has stoked speculation about the possibility of
another Trump presidency.

Tesla is soaring nearly 8.5 percent, after the company reported higher than
expected sales in the April-June quarter. The electric vehicle maker said it
sold 436,956 vehicles in the latest quarter, down 4.8 percent compared to the
year-ago quarter. But the numbers were better than what analysts had forecast.

Apple Inc, Alphabet, Amazon, Meta Platforms, Costco, Bank of America, AMD, Adobe
Inc., Texas Instruments Inc., G.E. Aerospace, Citigroup and Airbnb are up 1 to
2.5 percent.

Nike, AT&T, Goldman Sachs, Pfizer, Verizon Communications, Walt Disney, Exxon
Mobil, Eli Lilly and Nvidia are down with sharp to moderate losses.



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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 39.308,00 03.07.24 20:03:37 -23,85 -0,06% 39.217,41 39.347,49 39.122,25 39.308,00
NASDAQ COMP. 969427 NASDAQ Indizes 18.188,30 03.07.24 20:16:01 +159,54 +0,88% - - 18.016,12 18.188,30

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