U.S. stocks closed mostly higher Tuesday, led by the health care and utilities sectors, while the Dow Jones Industrial Average retreated as shares of Boeing Co. which is the largest component price-weighted of the Dow, Boeing BA, -6.15% sank another 6.2% after losing 5.3% Monday.
The U.K. Parliament’s rejection of Prime Minister Theresa May’s Brexit deal, in part, as the outcome had been anticipated. Lawmakers will now have to decide whether they want a Brexit without a deal or possibly extend the March 29 deadline for leaving the European Union.
On Trade, Chian -American trade deal reportedly close to a deal on currencies an element in their broader trade dispute.
- The consumer-price index rose 0.2% in February following three months of no change, the Labor Department said. Core prices, which strip out volatile changes in the cost of food an energy rose 0.1%. Year-over-year, overall inflation fell from growth of 1.6% in January to 1.5%, while annual core inflation fell from 2.2% to 2.1%.
- The National Federation of Independent Business said its small-business optimism index rose 0.5 point to 101.7, with 5 out of the 10 components increasing, led by a 5-point gain in those who expect the economy to improve. It nonetheless was the second-worst reading since December 2016.
- The Dow DJIA, -0.38% lost 96.22 points, or 0.4%, to end at 25,554.66.
- The S&P 500 SPX, +0.30% rose 8.22 points, or 0.3%, to finish at 2,791.52 as health care and utilities stocks led gains, while
- The Nasdaq Composite Index COMP, +0.44% rose 32.97 points, or 0.4%, to finish at 7,591.03.
Stocks in focus
Shares of Tesla Inc. TSLA, -2.60% fell 2.6% after lawyers for the electric car maker’s CEO Elon Musk defended a recent tweet from the outspoken executive, accusing the Securities and Exchange Commission of overreaching and infringing on Musk’s right of free speech.
- the price of crude oil CLJ9, +0.37% rose solidly and
- gold, +0.37% traded higher while
- the U.S. dollar DXY, -0.03% lost ground against its peers.
original source: MarketWatch.com