US Large Caps Close Mostly Higher Tuesday

The Dow Jones Industrial Average closed at 26,783.49 on Tuesday with a loss of 22.65 points or -0.08%. The S&P 500 closed at 2,979.63 for a gain of 3.68 points or 0.12%. The Nasdaq Composite closed at 8,141.73 for a gain of 43.35 points or 0.54%. The VIX Volatility Index was higher at 14.10 for a gain of 0.14 points or 1.00%.

Tuesday’s market movers

Large-cap stocks regained some ground on Tuesday after two days of losses. Investors continued to watch sentiment for the Federal Reserve’s 2019 rate moves. Several Fed officials spoke publicly Tuesday and investors’ focus for the week will be on Powell’s scheduled semi-annual Monetary Policy Report to Congress on Wednesday and Thursday. CME’s FedWatch Tool is showing a 100% probability that the Fed will lower the federal funds rate in July, but the Fed’s last disclosures show the majority of officials estimating the rate will hold steady through the end of the year.

Yields continued to rise in the Treasury market with the Fed uncertainty. The 30-year bond’s price fell the most, with its yield increasing to 2.539%.

Economic reports affecting market trading included the following:

The NFIB Small Business Optimism Index decreased to 103.3 in June from 105. The Job Openings and Labor Turnover Summary showed job openings mostly unchanged in May at 7.323 million versus the previous report of 7.372 million. The Treasury held an auction for three-year notes at a rate of 1.857%.

In the S&P 500, real estate, technology and financials led gains. In the Dow Jones Industrial Average, the following stocks led gains and losses:

Small-cap stocks

In small caps, the Russell 2000 closed at 1,562.59 for a gain of 1.20 points or 0.08%. The S&P 600 closed at 946.94 for a loss of 1.72 points or -0.18%. The Dow

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