As of 11:38 AM ET, the Dow Jones Industrial Average (DJINDICES:^DJI) is up 0.13% to 52,017.19, while the S&P 500 (SNPINDEX:^GSPC) is down 0.33% to 7,387.76, and the Nasdaq Composite (NASDAQINDEX:^IXIC) has slipped 0.44% to 24,840.43 as tech pressure offsets optimism from cooling…
opolitical tensions. Gold is up 0.45% to $4,074.30, and the 10-Year Treasury yield is down 0.03% to 4.65%
Communications and consumer defensive stocks are this morning’s top-performing sectors while technology and energy sectors are in the red. Today’s biggest moves RTX Corp climbed 2.61% to $218.28 on strong Q2 earnings. SAP surged 7.4% to $171.79, extending last week’s gains after the software company beat earnings expectations.
Conversely, Nvidia is trading lower amid concerns about Chinese competition. Reddit is up 6.7% to 171.79 on optimism about its upcoming earnings. What this means for investors Oil prices fell this morning on news of a pause in strikes between the U.S. and Iran.