S&P 500 edged lower despite positive US data

Note: This section contains information in English only.
Source: Dukascopy Bank SA

US stocks closed lower on Tuesday despite better than expected US data releases. US core retail sales and producer prices beat economists' forecasts. Positive news from the Eurozone also boosted US stocks. However, the S&P 500 Index lost 0.01% to end the day at 1,403.93. S&P 500 constituents were mixed; four industries declined, four advanced and one was unchanged. On the upside were health care, financials, consumer goods and services. Monster Beverage was the top-gainer after the board of directors authorized an extra USD250 million in buybacks. Estee Lauder surged 9.31% as the company's quarterly results beat Wall Street expectations. Meanwhile, Home Depot soared 3.58% after posting a 12% increase in net income. The company also upgraded its full-year earnings forecast. On the downside were basic materials and technology shares. Airgas and FMC slid 0.79% and 0.17% while Accenture and Citrix 0.39% and 0.67%.

 

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