S&P 500 closes up, focus on earnings and US rates


The Dow rose 141.24 points, or 0.37%, to 38,521.36. The S&P 500 climbed 11.42 points, or 0.23 %, to 4,954.23 and the Nasdaq gained 11.32 points, or 0.07 %, to end at 15,609.00.

NEW YORK: The S&P 500 closed slightly higher on Tuesday, as investors scrutinized a mixed bag of earnings at big US companies and digested comments from Federal Reserve policy makers for clues about its first planned interest-rate cut.

Minneapolis Fed president Neel Kashkari said the central bank is "not done yet" with inflation although he noted it had come down quickly with three-month and six-month inflation data "basically" at the Fed's 2% goal.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business

Light at the end of the tunnel
Understanding the warrant of distress
Are convention halls still good investments?
Ringgit likely to trade cautiously between RM4.09 and RM4.11 vs US dollar next week
Oil posts weekly loss on oversupply concerns
Wall St Week Ahead: Spotlight on delayed economic data
Wall St ends lower on fears over AI bubble, inflation
NEXT-GEN INDUSTRY REDEFINED
Work-life balance on trial
Navigating uneven markets

Others Also Read