Stocks Fall Fractionally Tuesday as Winning Run for Dow Ends

Stocks closed slightly lower after a choppy session as major market indexes took a break from their rally over the past week.

Industrial and utilities stocks were the biggest losing sectors in the S&P 500, falling 0.9% and 0.7% respectively. The big-cap S&P 500 index, the Dow Jones Industrial Average and the Nasdaq Composite Index all fell fractionally.

Major market indexes have advanced recently over hopes of interest rate cuts from the Federal Reserve and on easing trade tensions. The US canceled a plan to impose a 5% tariff on goods from Mexico, helping push stocks higher Monday.

The Dow’s winning streak ended Tuesday. The gauge had posted gains for six-straight sessions.

Looking ahead, Wednesday the consumer price index is scheduled to be released. On Friday, retail sales data is set to be released.

US MARKETS

Dow Jones Industrial Average was down 14.17 points (-0.05%) to 26,048.51
S&P 500 was down 1.01 points (-0.03%) to 2,885.72
Nasdaq Composite Index was down less than a point (-0.01%) to 7,822.57

GLOBAL SENTIMENT

FTSE 100 was up 22.91 points (+0.31%) to 7,398.45
DAX was up 110.43 points (+0.92%) to 12,155.81
CAC 40 up 25.95 points (+0.48%) to 5,408.45
Nikkei 225 was up 69.86 points (+0.33%) to 21,204.28
Hang Seng Index was up 210.70 points (+0.76%) to 27,789.34
Shanghai Composite Index was up 73.59 points (+2.6%) 2,925.72

UPSIDE MOVERS

(+) JAGX (+35.9%) Napo unit obtains assistance from US health agency to develop Cholera drug

(+) CTRV (+35.7%) Article on CRV431 cutting Hepatitis B DNA in mice published

(+) XYN (+11.6%) Doses first patient in phase 1/2 lymphoma trial

DOWNSIDE MOVERS

(-) CBAY (-45.45%) Disappointing data from study of Seladelpar in patients with NASH

(-) BYND (-25%) JPMorgan downgrades, while Credit Suisse starts at neutral

(-) LOVE (-23%) Reports wider-than-expected adjusted loss

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