US stocks were mixed on Tuesday as Federal Reserve policymakers kicked off a two-day interest rate meeting and investors braced for quarterly scorecards from Apple and Twitter.
Choppy stock trading followed a recent rally to consecutive record highs on the S&P 500 that has stretched price-to-earnings multiples to levels that some investors say presumes that companies will beat second-quarter estimates.
Five of the 10 major S&P sectors rose, while a 1.49 percent drop in the telecom services index weighed heavily. Verizon Communications fell 1.9 percent after subscriber numbers fell below estimates.
Caterpillar's shares jumped 5.16 percent to touch a year high after quarterly earnings beat expectations. The Federal Reserve began a two-day meeting and while it is not expected to raise US interest rates, investors will be watching for hints about when the US central bank might make a move.
For More Information Stock advisory company indore,Share Market Tips,stock advisory tips,best stock advisory company in indore,Nifty Future Tips,currency Tips,Stock Option Tips, Future&Option Tips,stock cash tips,Nifty Option Tips,Bullion tips And call us :-9827808090.
Five of the 10 major S&P sectors rose, while a 1.49 percent drop in the telecom services index weighed heavily. Verizon Communications fell 1.9 percent after subscriber numbers fell below estimates. 
No comments:
Post a Comment