Business Here's what happened to the stock market on Tuesday

Here’s what happened to the stock market on Tuesday


- Advertisment -

Traders work on the floor of the New York Stock Exchange.

Michael Nagle | Bloomberg | Getty Images

Dow Jones Industrial Average rises 32 points

The Dow gained 32.62 points, or 0.11%, to end the day at 28,939.67. The S&P 500 slipped 0.15% to 3,283.15. The Nasdaq Composite dipped 0.24% to 9,251.33. Stocks saw some volatility as the corporate earnings season kicked off while investors braced for the signing of a “Phase One” trade agreement between China and the U.S.

Tug of war between strong earnings and trade worries

J.P. Morgan Chase, Citigroup and Delta Air Lines all reported better-than-expected quarterly results, initially lifting sentiment in the broader market. This led the major averages to fresh record highs. However, stocks came off those levels on news that U.S. tariffs on Chinese goods will remain through the 2020 election even after both sides sign their phase-one agreement Wednesday. Bottom line, it seems the market will have to go through the earnings season with potential risks from U.S.-China trade relations not going away.

JP Morgan and Citigroup rise on earnings

What happens next?

China and the U.S. are scheduled to sign the so-called phase one deal on Wednesday. Meanwhile, Bank of America and Goldman Sachs are among the companies set to report earnings along with UnitedHealth and BlackRock. Read more here.

Subscribe to CNBC on YouTube.

CNBC: Continue reading…

Latest news

Grey’s Anatomy recap: Who survives the accident at Joe’s Bar?

When we last left Joe’s Bar outside of Grey Sloan Memorial, a car had slammed through the brick wall, flinging debris everywhere. It was a satisfying fall finale. Who will survive? Who is critically injured? Can Meredith save the day? Did Avery’s face get injured? Shonda Rhimes answers these questions in a two-hour crossover event…

Paramore’s Hayley Williams Releases ‘Scary, Empowering’ First Single ‘Simmer’ Off Solo Album

Paramore‘s lead singer is striking out on her own. Hayley Williams has just released the first single off her debut solo album Petals for Armor, and fans can watch the rage-filled music video for “Simmer” above. “I’m so ready and so incredibly humbled to get to share this project,” Williams says in a statement. “Making…

Scientists Say Saturn’s Moon Enceladus May Contain Energy Sources to Support Life

Tech11:04 GMT 24.01.2020(updated 11:05 GMT 24.01.2020) Get short URL International long have assumed that Enceladus together with Jupiter’s moon Europa are the best places to look for life as the two celestial objects have vast amounts of water hidden under a thick crust of ice. Now researchers have discovered another detail that may confirm their…

The Wuhan outbreak: Science Weekly podcast | Science

A new virus, never before seen in humans, has emerged from the city of Wuhan in China. Since the start of the outbreak, the virus has spread to more than seven countries and more than 500 people have been infected. Hannah Devlin speaks to Prof Ian Jones about exactly what a coronavirus is. And we…
- Advertisement -

Ericsson fourth-quarter core profit hit by slowdown in US business, higher costs

An Ericsson AB employee works on 2G, 3G and 4G data networking devices during production at the company's factory in Tallinn, Estonia, on Wednesday, April 22, 2015Peter Kollanyi | Bloomberg | Getty ImagesSwedish telecoms equipment group Ericsson reported a smaller than expected rise in fourth-quarter core earnings on Friday and said the quarter, seasonally its…

Call for north east of Scotland to be ‘energy transition zone’

Image copyright Getty Images Image caption Wind power will be one major area of focus The north east of Scotland should become a world-leading 'energy transition zone' to help achieve Scotland's net-zero emissions ambition, businessman Sir Ian Wood has said.Economic development agency Opportunity North East (One), which is chaired by Sir Ian, said the region's…

Must read

- Advertisement -

You might also likeRELATED
Recommended to you