Benchmarks were mixed on Tuesday as the decline in tech stocks pressured the broader market and offset the positive investor sentiment surrounding the United States' partial economic reopening. States like Alaska, Georgia, South Carolina, Tennessee and Texas have begun to pull back on social distancing, boosting the market as investors anticipate a better financial future. Yet, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, warned that the U.S. will be in for a "bad fall" season if an effective treatment for the coronavirus is not found in the summer.
Here's how the market settled on Tuesday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, large retailers--Dillard's
In Stock Sector News, sectors posted a mixed session on Tuesday, with some losing Monday's gains. Those that posted positive performance gains include Energy +2.19%, Materials +1.96%, Industrials +1.84%, Financials +0.91%, Consumer Staples +0.44%, Utilities +0.35% and Real Estate +0.02%. The rest that declined on Tuesday include Health Care -2.13%, Communication Services -1.89%, Information Technology -1.41% and Consumer Discretionary -0.26.
In Commodity and Currency News, West Texas Intermediate's
For Wednesday, market participates will be responding to the Federal Reserve's latest monetary policy release as well as more corporate earnings.