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Symbols
Price
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% Change
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Low
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Mkt Cap
SIXV
Health care
SIXV
Health care
SIXV
-1.91%
1,600.27
-31.11
-1.91%
1,631.381,623.251,623.251,595.76
SIXR
Staples
SIXR
Staples
SIXR
-1.38%
843.54
-11.79
-1.38%
855.33855.85856.24842.87
SIXT
Technology
SIXT
Technology
SIXT
+1.26%
3,697.72
+46.09
+1.26%
3,651.633,693.813,715.113,652.90
SIXRE
Real estate
SIXRE
Real estate
SIXRE
-0.45%
218.65
-0.99
-0.45%
219.64219.64220.11218.17
SIXE
Energy
SIXE
Energy
SIXE
+0.38%
1,199.93
+4.59
+0.38%
1,195.341,200.611,204.611,185.87
US market summary
Major U.S. stock indexes closed higher on Tuesday after the June Consumer Price Index showed inflation cooling more than economists anticipated. The Nasdaq Composite led the gains with a 0.9% increase, while the S&P 500 rose 0.4% as cooling price pressures eased immediate concerns regarding Federal Reserve interest rate hikes.
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Strong bank earnings bolster financial sector sentiment
Large financial institutions reported robust second-quarter profits, providing a positive signal for the broader economy. Goldman Sachs saw a significant 9% share price advance, and other major players like JPMorgan Chase and Bank of America also contributed to the sector's strength despite mixed performance from Wells Fargo and Citigroup.
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IBM shares plummet on disappointing profit outlook
International Business Machines Corp. experienced a historic decline, with shares dropping roughly 25% following a profit warning. This significant selloff acted as a major drag on the Dow Jones Industrial Average, which finished the day nearly flat despite the broader market rally.
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Treasury yields retreat as inflation fears moderate
U.S. Treasury yields fell sharply after the headline inflation rate for June came in at 3.5%, lower than the projected 3.8%. The 10-year Treasury yield dropped to approximately 4.58%, and the 2-year yield saw its largest one-day decline in months as traders reduced the probability of a July rate hike.
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