The trader works on the floor of the New York Stock Exchange on February 13, 2025.
NYSE
The S&P 500 closed at a record high on Tuesday after stocks revolved before closing bells as investors shook off headwinds in terms of global trade and inflation.
The broad market index rose 0.24% until a record closing of 6,129.58 after rising to an intraday record of 6,129.63. Nasdaq Composite On the 1st, it rose 0.07% to 20,041.26, Dow Jones Industrial Average Added 10 points (0.02%) to end the session at 44,556.34.
Energy is the best performing sector on the S&P 500, up 1.9%. Halliburton and Valero Energy have moved forward. I also checked high tech stocks.
That said, more than 1% pullbacks for consumer discretionary and communication services showed weight in the broader market. Meta Platform closed 2.8%.
“Overall, the market is still trying to escape the integration that has been around since early December,” said Chris Larkin, managing director of trading and investments at Morgan Stanley’s e-trade. . “We’re starting the retail portion of our revenue season this week, but news from Washington could remain a wild card in the market, especially on the tariff front.”
Wall Street excludes victory week on the main average. The Dow won around 0.6% last week, while the S&P 500 rose 1.5%. Nasdaq rose 2.6%.
Much of last week’s progress came on Thursday after President Donald Trump’s plan on retrograde tariffs on countries taxed US goods healed investors who were more concerned about tariffs.
Stock is choppy to begin the year. However, some inflation data components are within the highest ever highs, as they show a more simple price pressure than suggested by the heading number. This will allow the Federal Reserve to take the path to lowering interest rates.
“We’re looking forward to seeing you get the chance to see the world’s most important aspects of our investment,” said Steve Wyett, Chief Investment Strategist at BOK Financial. “At this point, that’s not reflected in the value of assets. I’m more optimistic than pessimistic, but I think it needs to be realistic.”
The 30 Stock Dow and Nasdaq are about 1% off their recent records, while the S&P 500 is 0.2% off their own milestones.
