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Home / Business / What happened to the stock market on Monday: The S&P 500 changed little

What happened to the stock market on Monday: The S&P 500 changed little



A trader works before the Clock Clock on the New York Stock Exchange (NYSE) on September 20, 2019 in New York City.

Johannes Eisele | AFP | Getty Images

Dow Jones Industrial Average rose 30 points

gained 30.52 points, or 0.11%, to 27,462.63 on Tuesday. fell 0.12% to 3,074.67. increased 0.02% to 8,344.68 points. With three straight days of gains, Dow and the Nasdaq record renewed Tuesday.

Signs of Progress in Commerce?

As the United States and China contemplate a new place for signing the so-called "phase one" trade agreement, China is pushing for more declines in tariff rates. The country insists on removing tariffs on around $ 1

25 billion of Chinese goods imposed in September as part of the limited deal, reports Monday night. While encouraging, the news was not enough to make investors more bullish on a resolution between the world's two largest countries.

Better Than Expected Financial Data

Helping lift the market a little on Tuesday was strong US service sector data. The non-producing ISM index came in at 54.7 for October, topping the Dow Jones analysts' estimate of 53.5. The readings provide a sign of relief after the meter dropped to a three-year low in September. The service sector, which accounts for more than two-thirds of US economic activity, has expanded for 117 months, according to ISM.

Boeing jump, Shake Shack and Uber tank

What's next? [19659004] Investors will receive income reports from high profile companies on Wednesday including Roku and CVS. Wall Street will also digest a preliminary reading on American workers' productivity in the third quarter. Read more here.


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