At the end of the day Tuesday the Dow was up 0.02% to hit 41,250.5 to reach a historic high, as markets anticipated the publication of the week’s most important economic data. A streak of 16 consecutive months of rising housing prices as the highest consumer confidence in six months contributed to the Dow’s upward momentum.
Standard & Poor’s ended the day up 0.16% at 5625.8 and the Nasdaq composite at 0.16% at 17754.82.
Monday’s doubts regarding tech stocks slowed the rise of the latter two indexes. Investors are cautious about the earnings reports of chipmaker Nvidia which have been an indicator of market opinion on the prospects of artificial intelligence.
Apple also announced its first change of CFO in ten years as well as revealing a product launch for September.
The markets are now awaiting the personal consumption expenditures index data.
By Staff
