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US open: Stocks trade slightly lower as investors wait on inflation data, Q2 end

Wed 26 June 2024 15:54 | A A A

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FTSE 100 | FTSE 250 | Paris CAC 40 | Dow Jones | NASDAQ

8164.12 | Negative 15.56 (0.19%)
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(Sharecast News) - Wall Street's main market indices were trading mixed as investors bid their time ahead of a key inflation reading due out on Friday, the last trading session of the second quarter.

As of 1619 BST, the Dow Jones Industrials was drifting lower by 0.16% at 39,051.24, alongside a 0.14% dip for the S&P 500 to 5,461.75.

The Nasdaq Composite meanwhile was up by 0.13% to 17,741.20.

"Monday's session had shown the signs of rotation that so many investors had been hoping for, transferring leadership from unstoppable tech names to unloved sectors, but this has fizzled out rapidly," said IG chief market analyst Chris Beauchamp.

"Higher inflation in Australia has not helped matters, and raises the uncomfortable prospect that major bugbear of the past two years is set to make an unwelcome return, leading to rate hikes featuring in central bank policy once again. All eyes are now firmly on Friday's PCE data in the US, at least until Sunday's French elections."

Stockmarket darling Nvidia's shares were off by 1.5%, having rallied during the previous session following a recent bout of profit-taking.

Responding to the inflation concerns mentioned by Beauchamp, the US dollar spot index was up by 0.41% to 106.05 and trading around its best levels of the last six months.

Gold and crude oil futures were lower alongside.

Dow Jones - Risers

Apple Inc. (AAPL) $213.25 2.00%

Walmart Inc. (WMT) $68.13 1.05%

Home Depot Inc. (HD) $339.72 0.41%

Boeing Co. (BA) $175.64 0.31%

Procter & Gamble Co. (PG) $167.34 0.29%

Microsoft Corp. (MSFT) $452.07 0.25%

Dowdupont Inc. (DWDP) $0.00 0.00%

Coca-Cola Co. (KO) $63.81 -0.05%

Visa Inc. (V) $273.14 -0.14%

American Express Co. (AXP) $230.04 -0.24%

Dow Jones - Fallers

Travelers Company Inc. (TRV) $204.73 -1.91%

Dow Chemical Co. (DOW) $52.39 -1.45%

Chevron Corp. (CVX) $156.69 -1.12%

3M Co. (MMM) $101.07 -0.96%

Caterpillar Inc. (CAT) $324.40 -0.92%

Goldman Sachs Group Inc. (GS) $453.31 -0.89%

Amgen Inc. (AMGN) $316.48 -0.89%

Nike Inc. (NKE) $93.92 -0.88%

Intel Corp. (INTC) $30.48 -0.86%

Cisco Systems Inc. (CSCO) $46.97 -0.85%

S&P 500 - Risers

FedEx Corp. (FDX) $294.00 14.67%

Whirlpool Corp. (WHR) $98.53 13.21%

Albemarle Corp. (ALB) $97.63 5.24%

CenturyLink Inc. (LUMN) $1.04 4.61%

Campbell Soup Co. (CPB) $45.36 2.65%

United Parcel Service Inc. (UPS) $137.37 2.24%

Carnival Corp. (CCL) $18.21 2.20%

Apple Inc. (AAPL) $213.25 2.00%

Align Technology Inc. (ALGN) $239.90 1.99%

Amazon.Com Inc. (AMZN) $189.80 1.86%

S&P 500 - Fallers

Chipotle Mexican Grill Inc. (CMG) $64.60 -98.03%

General Mills Inc. (GIS) $63.59 -5.46%

Paychex Inc. (PAYX) $119.38 -4.52%

Nektar Therapeutics (NKTR) $1.02 -4.21%

Foot Locker Inc. (FL) $25.55 -3.58%

Automatic Data Processing Inc. (ADP) $239.67 -3.51%

HP Inc (HPQ) $35.13 -3.14%

Illumina Inc. (ILMN) $106.87 -2.70%

Expedia Group Inc. (EXPE) $126.32 -2.65%

Gallagher Arthur J (AJG) $253.36 -2.52%

Nasdaq 100 - Risers

NetEase Inc. Ads (NTES) $95.69 2.85%

Tesla Inc (TSLA) $192.59 2.80%

Apple Inc. (AAPL) $213.25 2.00%

Align Technology Inc. (ALGN) $239.90 1.99%

Amazon.Com Inc. (AMZN) $189.80 1.86%

Sirius XM Holdings Inc (SIRI) $2.70 1.69%

Mercadolibre Inc. (MELI) $1,668.88 1.62%

Broadcom Inc. (AVGO) $1,605.34 1.55%

J.B. Hunt Transport Services Inc. (JBHT) $158.51 1.43%

Check Point Software Technologies Ltd. (CHKP) $156.76 0.81%

Nasdaq 100 - Fallers

Paychex Inc. (PAYX) $119.38 -4.52%

Automatic Data Processing Inc. (ADP) $239.67 -3.51%

Illumina Inc. (ILMN) $106.87 -2.70%

Expedia Group Inc. (EXPE) $126.32 -2.65%

PACCAR Inc. (PCAR) $104.01 -2.31%

QUALCOMM Inc. (QCOM) $198.00 -2.06%

Marriott International - Class A (MAR) $240.43 -1.80%

Verisk Analytics Inc. (VRSK) $267.56 -1.73%

Hasbro Inc (HAS) $58.47 -1.57%

Fastenal Co. (FAST) $63.48 -1.47%

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