Stocks retreated from earlier gains on Tuesday. The Nasdaq\nComposite Index fell 0.1% and the Dow Jones Industrial Average fell 2 points\nafter rising more than 150 points while the S & P 500 was trading below\nparity.<\/p>\n\n\n\n
The Standard & Poor’s 500 Index fell by 0.3% as Advanced Micro Devices and Symantec led the decline in\ntechnology with a drop of more than 3% each.<\/p>\n\n\n\n
The Dow was on course to a six-day winning streak. However,\nthe Standard & Poor’s index traded around 2.4% below its all-time high in\nApril.<\/p>\n\n\n\n
At this point, the failure to go up to new peaks will be\nconsidered negative, even though only a week and a half has passed from this\nmonth. According to analysts, the markets are seeing evidence of more\nindividual stocks in the Standard & Poor’s 500 Index hitting new record\nhighs. There are also some expectations that the S & P will be able to test\nthose levels we saw in April.<\/p>\n\n\n\n
The potential adverse to this is what happens with market\nsentiment. Sentiment became very negative in May and now with the stock rebound\nin June we are seeing pessimism that is slowly being replaced by optimism,\nanalysts say. If this happens very quickly, it can turn from being a tailwing\nto earning the markets new gains.<\/p>\n\n\n\n
Stocks jumped after a decision between Mexico and the United\nStates to avoid tariffs and hopes to cut interest rates from the Federal\nReserve raised investor confidence.<\/p>\n\n\n\n
President Donald Trump said on Sunday that a 5% tax on all\nMexican imports to the United States would be suspended indefinitely. He said\nhe had “full confidence” in Mexico’s ability to fight migration from\nCentral America.<\/p>\n\n\n\n
Global stocks rose after China’s Xinhua news agency said the\ncountry would allow local governments to use bonds to finance infrastructure\nprojects. The Shanghai Composite jumped 2.6% in a few hours, while the Stoxx\n600 index in Europe rose 1%.<\/p>\n\n\n\n
Market expectations for interest rate cuts by July were\naround 78%. Investors are also pricing in a 97.1% chance of price cuts by\nDecember.<\/p>\n\n\n\n
These expectations rose amid weak US economic data. Monthly\njob growth slowed to 75,000 in May. At the same time, manufacturing activity in\nthe United States grew at its slowest pace since 2016.<\/p>\n\n\n\n
“It seems like we went from\npessimism to optimism in a very short period of time without much change in the\nfacts.<\/p>\n","protected":false},"excerpt":{"rendered":"
Stocks retreated from earlier gains on Tuesday. The Nasdaq Composite Index fell 0.1% and the Dow Jones Industrial Average fell 2 points after rising more than 150 points while the S & P 500 was […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,4],"tags":[66,79,36,34,48,24,38,33,10,58,57,70,47,86,23,46,39,81,85,106],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1233"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1233"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1233\/revisions"}],"predecessor-version":[{"id":1235,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1233\/revisions\/1235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1234"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}