Tuesday saw little movement in stocks as investors processed Federal Reserve Chairman Jerome Powell’s cautious interest rate remarks.
In light of U.S. tariffs and the potential intensification of a global trade war, worries about the economy’s trajectory persist.
The Dow Jones Industrial Average saw a 0.1% increase.
The Nasdaq Composite dropped by almost 0.2%, and the S&P 500 stayed slightly below the flatline.
Apple is working with Alibaba to develop AI capabilities for iPhone customers in China, which will help the market recover from its losses.
This news caused Apple to gain more than 2.5 percent. A robust earnings report also caused Coca-Cola to climb roughly 3%.
Source (CNBC)
