Stocks Are Little Changed at the Open. Tariffs, Tax Bill in Focus.
Stocks Are Little Changed at the Open. Tariffs, Tax Bill in Focus.
The stock market was quiet to start the day on Tuesday as Wall Street kept its attention on Washington, D.C.
The Dow Jones Industrial Average was down 35 points, or 0.1%. The S&P 500 was up 0.1%. The Nasdaq Composite was up 0.3%.
“The [S&P 500] now is up four of five trading days, which has been a solid response to the four-day losing streak from 5/20 – 5/23,” writes Frank Cappelleri, founder of technical analysis firm CappThesis. “The index now has closed above its intra-day midpoint in 11/15 trading days. That’s 73% of the time, which is high and obviously bullish.”