How major USA stock market indexes fared on Tuesday

Shares of oil majors Exxon and Chevron helped boost the S&P energy index

Shares of oil majors Exxon and Chevron helped boost the S&P energy index

Wall Street closed higher on Monday: The Dow Jones Industrial Average gained 0.4 per cent to close at 20,982, the S&P 500 rose 0.5 per cent to close at 2,402 and the NASDAQ advanced 0.5 per cent to close at 6,150. The weakness was led by a big drop in construction of apartments, a volatile sector.

The S&P slipped 0.1 percent after hitting an all-time intraday high, with utilities leading decliners.

On the earnings front, Home Depot (HD) and Staples (SPLS) are due to report their quarterly results before the start of trading on Tuesday. Profits have been rallying not only in the United States but also in Europe and other areas that have been struggling for years. That's the biggest gain since February 2014 and the third straight monthly gain. "Home-improvement and beauty retailers are really where the strength is within the retail sector, and of course, online". The stock added $15 to $99.04.

US stocks pulled back on Tuesday after the S&P 500 and the Nasdaq Composite hit record intraday highs as a decline in healthcare stocks offset gains in technology. There was a rally in companies that provide cyber security like Symantec (SYMC), FireEye (FEYE), and Palo Alto Networks (PANW).

Crude futures were up more than 3% in intraday trade after Russian Federation and Saudi Arabia agreed to extend production cuts until March of next year to drain excess supply from the market.

The S&P 500 is up 161.84 points, or 7.2 percent.

In today's trade, only techs (+0.5%) and financials (+0.2%) ended the day in positive territory; on the flip side, health care (-0.4%) struggled as Pfizer was downgraded to Sell at Citi, and energy (-0.4%) underperformed as US crude oil slipped 0.5% to $48.64/bbl following yesterday's rally. Brent crude, used to price worldwide oils, lost 17 cents to settle at $51.65 a barrel in London. Silver added 13 cents to $16.69 per ounce.

On the downside, news that Eldorado Gold Corp. will buy Integra Gold Corp. sent Eldorado's shares down 8.1 per cent to $4.60, tempering some of the materials group's 0.8-per-cent gains. The dollar rose to 113.68 Japanese yen from 113.41 yen, and the pound rose to 1.2895 dollars from 1.2879 dollars. The euro gained to $1.1095 from $1.0978.

YIELDS: The 10-year Treasury yield held steady at 2.33 percent. The Russell 2000 index jumped 14 points, or 1.1 percent, to 1,397. "And North Korea's mid-to-long range missile test on Sunday is also regrettable, denting some of the optimism around South Korea's newly-minted President Moon, whose more conciliatory approach to the North was seen as a positive".

Shares of Alphabet Inc. rose 0.4% after Waymo LLC, the driverless-car division of the Google parent, and ride-hailing startup Lyft Inc. said on Sunday they would work together to develop autonomous vehicle technology. Hong Kong's Hang Seng shed 0.1 percent.

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