As the market continued to look for clues of when the US Federal Reserve will cut interest rates and focused on a new batch of corporate results, the three major US stock indexes logged mixed performance on Tuesday.
DJIA edged higher by 31 points or 0.1% to close at 38,884, marking its fifth consecutive day of gains and the longest such streak since December last year. S&P 500 closed 6 points or 0.1% higher at 5,187, while Nasdaq closed 16 points or 0.1% lower at 16,332 after opening up.
The "Magnificant Seven" stocks performed individually. Goldman Sachs raised its target price on NVIDIA (NVDA.US) from US$1,000 to US$1,100 and maintained its Buy rating, but the stock fell nearly 2%. Tesla (TSLA.US) plummeted nearly 4% after second-in-command Tom Zhu was reportedly moved back to China, with founder Elon Musk returning to full control in North America. Microsoft (MSFT.US) fell 1%, as Amazon (AMZN.US) and Meta (META.US) rose less than 1%.
Apple (AAPL.US) elevated 0.4% after it unveiled a new iPad Pro with the M4 chip, while Alphabet (GOOG.US) lifted nearly 2% after its subsidiary Google released the Pixel 8A, an affordable AI-powered phone.
Disney (DIS.US) crashed nearly 10% after last quarter's revenue fell slightly short of expectations. Online fitness company Peloton (PTON.US) rocketed 15% after a private equity firm approached the company for a potential acquisition.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
