U.S. stocks retreated on Tuesday as investors took a cautious look at the odds of a rate cut ahead of key jobs data and what a more likely Donald Trump victory could mean for markets.

The Dow Jones Industrial Average (^ DJI) fell 0.1 percent while the S&P 500 (^GSPC) fell by about 0.2 percent. The tech-heavy Nasdaq Composite (^IXIC) slipped more than 0.3 percent.

Stocks are showing signs of fatigue as the market plays it safe in a trading week dominated by Friday’s key day June jobs report and abbreviated for the 4th of July holiday. Doubts that stocks can Take your first half-year rally to the end of the year.Investors should watch for signs of economic strength that could slow the pace.

Jerome Powell is scheduled to speak at the ECB meeting on Tuesday, and investors will be listening closely to the Federal Reserve chair’s views on developments on inflation and the state of the labor market. Also on deck is a reading on weekly job openings, which will similarly feed interest rate cut expectations.

Meanwhile, political risk is on minds, as Wall Street assesses whether a Trump’s election victory could mean For markets as speculation increases. Biden’s Future as a Democrat standard bearer. 10-year Treasury yield (^TNX) fell as much as 4.43 percent on Tuesday after one of its biggest one-day gains of the year on Monday.

On the corporate front, Tesla (TSLA) delivered more vehicles than expected in the second quarter, sending shares up nearly 5% in early trading.

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    The stock slipped into the open.

    U.S. stocks retreated on Tuesday as investors took a cautious look at the odds of a rate cut ahead of key jobs data and watched for what a more likely Donald Trump victory could mean for markets. are

    The Dow Jones Industrial Average (^ DJI) fell 0.1 percent while the S&P 500 (^GSPC) about 0.2 percent. The tech-heavy Nasdaq Composite (^IXIC) slipped more than 0.2%.

    Meanwhile, political risk is on minds, as Wall Street assesses whether a Trump’s election victory could mean For markets as speculation increases. Biden’s Future as a Democrat standard bearer. 10-year Treasury yield (^TNX) fell as much as 4.43 percent on Tuesday after one of the biggest one-day gains of the year on Monday.

  • dims?image uri=https%3A%2F%2Fs.yimg

    Roaring Kitty’s potential investment thesis on Chevy…

    Talk about a well-timed note from EvercoreISI technical analyst Mark Mahaney.

    Mahaney breaks down the investment thesis in Chevy nicely (Blow) the day after Keith ‘Roaring Kitty’ Gill revealed a 6.6% stake in the company. He also shared some useful survey analysis below.

    Mahani says:

    “We see Chewy as a solid business that has been impacted by broader industry weakness, but still has a number of investment positives – continued growth in spend/per Chewy customer, growth in sponsored advertising opportunities, international expansion, and vertical expansion of care clinics), and the potential for ongoing gross and EBITDA margin expansion.”

    Mahaney is currently sticking with an in-line rating, citing competitive pressures, valuations and unproven pressures in Canada.

    Chewy is the top-of-mind destination for pet products, according to a new EvercoreISI survey.Chewy is the top-of-mind destination for pet products, according to a new EvercoreISI survey.

    Chewy is the top-of-mind destination for pet products, according to a new EvercoreISI survey. (EvercoreISI)



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