Round quarter-hour into buying and selling, the Dow Jones Industrial Common rose 0.4 p.c to 45,084.70 whereas the broad-based S&P 500 Index was flat at 6,447.61.
The tech-heavy Nasdaq Composite Index fell 0.4 p.c to 21,544.21.
The actions got here shortly after dwelling enchancment firm Dwelling Depot reported outcomes that missed expectations, though it reaffirmed its full-year outlook.
Different huge US retailers releasing earnings this week embody Dwelling Depot competitor Lowe’s, in addition to client items big Walmart.
Markets are maintaining a detailed eye on these reviews for indicators of how President Donald Trump’s tariffs this yr are affecting companies — and whether or not they’re trickling all the way down to customers.However “traders are just about on maintain till Fed Chair Powell’s speech on Friday,” stated Sam Stovall of CFRA Analysis.All eyes are on Powell this week for hints on how the central financial institution would possibly regulate rates of interest at its subsequent coverage assembly in September.”Conversations are rising that the market may undergo a pullback or correction relying on whether or not the Fed hints at a 50 foundation level reduce, 25 (foundation factors) or no reduce,” Stovall added.
In the meantime, any peace deal on Ukraine after European leaders’ talks in Washington on Monday may drag on share costs of protection shares, Stovall famous. Leaders have been looking for an finish to the battle in Ukraine, greater than three years since Russia’s invasion.
