Yahoo Finance Stocks - S&P, Nasdaq See Small Gains After Hitting Highs
Investing.com - Stocks ended basically flat Tuesday as President Donald Trump's speech did not offer clues on when a China-U.S. trade deal will be signed.
The S&P 500 was up 0.16%, or about five points. The Nasdaq Composite and Nasdaq 100 indexes added nearly 0.3%. The Dow Jones industrials finished with a gain of just a third of a point, held back by weakness in Boeing (NYSE:BA) and Caterpillar (NYSE:CAT).
The finish was a disappointment for bulls because the S&P 500, Nasdaq and Nasdaq 100 had hit new intraday highs in the morning.
Boeing (NYSE:BA) was off 1.1% after The Wall Street Journal said the company has lost more than 200 orders for 737 MAX jets. The company blamed airline bankruptcies and customers swapping out for other models.
On Monday, Boeing (NYSE:BA) said it expects Federal Aviation Administration approval for the troubled jet by the end of December, with planes returning to service by the end of January. Whether that occurs is unclear. Southwest Airlines (NYSE:LUV) has said March is more likely.
Caterpillar's business is influenced by its prospects in China.
Walt Disney (NYSE:DIS), Walgreens Boots Alliance (NASDAQ:WBA) and Merck (NYSE:MRK) were the Dow leaders. Autodesk (NASDAQ:ADSK), Facebook (NASDAQ:FB) and IDEXX Laboratories (NASDAQ:IDXX) were among the Nasdaq 100 leaders.
Healthcare, materials communication services and technology were the strongest sectors, with real estate and energy the weakest.
Crude oil prices and interest rates moved lower.
Related Articles
Flying 14 hours or more? Boeing sees longer routes as 'key' for growth
U.S. auto showrooms need more electric cars, environmental group says
