S & P 500 index rebounded on Tuesday, ending a four-day losing streak, from Best Buy and TJX COS earnings helped boost retailers and consumer staples.
TJX COS (TJX.N) is the S & P 500 顶 boost deals TJ Maxx and Marshalls chains, after the owner reported better than expected quarterly sales, reversing the trend of a number of retailers weak results. Its shares rose 6.9 percent to $ 54.24.
S & P retail index. SPXRT climbed 1.2%, while the S & P Consumer Discretionary Index SPLRCD rose 0.9 percent, the best performance of the 10 S & P sectors.
But the U.S. Treasury yields, but lower than Monday, still at two-year highs, encouraging investors to sell riskier assets such as stocks, in order to buy U.S. government debt. The benchmark 10-year bond yield fell from 2.88% to as low as 2.80%, last Tuesday in the prior session. <US/>
With the TJX Companies, Best Buy and JC Penney rose after they announced the results. Has recently been suffering from the retailer's earnings disappointed investors in the previous period to the consumer as the center of the shares.
"Last week you have terrible figures, retailers, so this is a mixed bag - Nordstrom and Macy's are Home Depot and Best Buy, said:" O'Neill Securities in New York, New York Stock Exchange floor director Ken Polcari.
Investors have been faced with uncertainty, the Fed may begin to stop the stimulus measures. On Wednesday, they will be able from the U.S. central bank's July meeting, which may provide a so-called quantitative easing policy makers plan to study the clues minutes.
"There is no real drive, there is no real commitment, there is no one rushing to buy stocks because they do not have before people will have to wait until tomorrow and Thursday, at least they make any big decision," Polcari said.
The Dow Jones industrial average fell 7.75 points, or 0.05 percent, to 15,002.99, the S & P 500 Index SPX rose 6.29 points, or 0.38 percent, to 1,652.35 and the Nasdaq Composite Index and the Nasdaq Composite Index rose 24.504 points, or 0.68 percent, to 3,613.59.
Standard & Poor's is unable to hold gains above its 50-day moving average, closing below the 1,657.65 level for a third day, and now as a technical resistance point.
But the Dow slightly lower, to extend their longest losing streak this year, five trading days dragged Home Depot (Home Depot) (HD.N).
In the world's largest home improvement chain shares gave up early gains to close down 1.2 percent to $ 74.29, despite the increase in its annual outlook. However, the stock is still up more than 20% annual.
Best Buy (BBY.N) shares after the world's largest consumer electronics chain $ 34.80 reported a higher quarterly profit rose 13.2%.
Urban Outfitters's (URBN.O) climbed 8.2% $ 43.19 after a day clothing retailer's quarterly profit exceeded market expectations.
JC Penney Company (JCP.N), the shares rose 6 percent to $ 14.01 after the troubled retailer, said back-to-school season so far, has been encouraging.
But Barnes & Noble (BKS.N) shares fell more than 12% of the $ 14.61 book retailers report a steep quarterly loss, its founder, dropped his plans to buy the company's stores.
Approximately 524 million shares on the New York Stock Exchange, NYSE MKT and Nasdaq, below the year's daily average of 6.31 billion yuan, thinly traded.
Advance the number of stocks on the NYSE 2,327 714 decline, while the Nasdaq fell advancers 1,857 to 662.
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