After the benchmark saw its best day in almost a month, the S&P 500 moved higher on Tuesday as traders got ready for earnings announcements from large businesses.
The Nasdaq Composite up 0.2% and the S&P 500 up 0.1%. There was a 30 point decline in the Dow Jones Industrial Average.
Tesla and Google parent Alphabet are scheduled to report after the bell, as Wall Street continued to evaluate the most recent second-quarter earnings reports.
The Street will get its first look at the performance of well-known IT companies over the last three months with those reports.
“This is reflective of investors’ holding pattern as they digest the combination of earnings, economic data, and U.S. political developments.” These elements ought to help “drive investor activity” in the upcoming several weeks, he said.
Source (CNBC)
