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US: NY Empire State Manufacturing Index improves to 43 in July vs 18 expected
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US: NY Empire State Manufacturing Index drops to 17 4 in June vs 22 expected
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US: NY Empire State Manufacturing Index falls to 24 3 in May vs 23 9 expected
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The US stocks were mixed on Tuesday, 16 February 2021, with the Dow managed to hold onto a modest gain, while the broader Nasdaq and the S&P 500 slid into negative territory, as some traders opted to cash in on the recent strength in the markets.
The Dow Jones Industrial Average hit all-time highs on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U. S. economy from a coronavirus-driven slump, sharp drop in new coronavirus infections, progress in vaccinations and a stronger-than-expected fourth-quarter earnings season.
At the close of trade, the Dow Jones Industrial Average index advanced 64.35 points, or 0.2%, to 31,522.75. The S&P 500 index fell 2.24 points, or 0.06%, to 3,932.59. The tech-heavy Nasdaq Composite Index dropped 47.98 points, or 0.34%, to 14,047.50.