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S&P 500 and Nasdaq hit highs as Apple snaps 5-day winning streak


4:00pm: S&P 500 and Nasdaq hit highs again

US stocks closed mostly higher Tuesday, pushing the S&P 500 and Nasdaq indexes to another round of record highs as Apple Inc (NASDAQ:AAPL) snapped a 5-day winning streak.

The S&P 500 gained 0.36%, or 12 points to 3,431 as the tech-heavy Nasdaq finished up 87 points, or 0.76%, to 11,466. The Dow Jones Industrial Average closed down 60 points, or 0.21%, to 28,248.

Apple fell 0.82%, or $4.13 a share, to $499.30 in New York.

2.35pm: US stocks still mixed

US stocks were mixed in mid-afternoon trade as investors digested a batch of data, including consumer confidence, which fell in August to a new low amid the pandemic.

The Dow Jones Industrial Average lost over 115 points at 28,193. The S&P 500 added around seven though at 3,438. The tech-laden Nasdaq index added over 63 points at 11,443.

US benchmark crude (West Texas Intermediate) advanced 1.67% to stand at US$43.33 a barrel.

1.30pm: US stocks under pressure

Wall Street stocks were still mixed after lunch as equities ran out of steam after gains that brought the S&P and Nasdaq to new record levels.

The Dow Jones Industrial Average plunged over 122 points lower at 28,185 but the other two major benchmarks were in the green. The S&P 500 added over four points at 3,435. The Nasdaq added over 43 at 11,422.

It came as new date painted a mixed picture of the economys recovery with new home sales up to a seasonally adjusted annual rate of 901,000, beating a consensus forecast of 782,000. But the latest consumer confidence figures for this month (August) came in lower than forecast, while home prices were flat for June, according to one report

12pm EST/ 5pm: FTSE 100 closes lower

FTSE 100 index closed in the red on Tuesday as hopes for a quick coronavirus vaccine were dashed somewhat.

Britain's blue chip benchmark erased most of yesterday's gains to close down over 67 points at 6,037, down 1.11% on the day.

US markets were also muted after a tentative start.

"Early stock market gains have been given up, as pre-market record highs for the S&P 500 failed to come to fruition despite recent hopes around an impending vaccine," noted Joshua Mahony, senior market analyst at spreadbetter IG.

Mahony noted that unfortunately, while drugs titan AstraZeneca (LON:AZN) hopes to receive enough trial results by the end of 2020, the director of partner the Oxford group sees approval only coming by winter 2021.

The Oxford/AstraZeneca vaccine is one of five promising candidates to reach advanced clinical trials.

US and Canada 4.30pm/11.30am EST

Wall Street shares were mixed in early deals in New York. The Dow Jones Industrial Average was in the red and plunged over 127 points at 28,181. The S&P 500 added 0.94 at 3,432. The tech-heavy Nasdaq added around 24 points at 11,403. Up in Toronto, the TSX plunged over 77 points to stand at 16,549.

10.30am EST/ 3.30pm: Proactive North America headlines:

Blackrock Gold Corp (CVE:BRC) gets second drill rig at Tonopah West; Silver Cloud drilling set for the Fall

Globex Mining (TSX:GMX) (OTCMKTS:GLBX) closes two additional property deals to raise $1.7M in cash

Klondike Gold Corp (CVE:KG) (OTCPINK:KDKGF) plans C$2.5M private placement for Yukon exploration

Antibe Therapeutics (CVE:ATE) (OTCQB:ATBPF) plans to file IND with regulator for lead drug otenaproxesul

Phunware Inc (NASDAQ:PHUN) adds big four firm to customer list for mobile corporate campus solution

Helix Technologies Inc (OTCQB:HLIX) says it has launched nations first online medical marijuana reciprocity portal in New Mexico

Newgioco Group Inc (NASDAQ:NWGI) scores top 5 market share in Italian online poker market in latest industry rankings

XPhyto Therapeutics Corp (CSE:XPHY) (OTCPINK:XPHYF) rapidly advances its drug delivery system for Parkinson's skin patches

NexTech AR Corp (OTCQB:NEXCF) (CSE:NTAR) appoints SAP executive Eugen Winschel as chief operating officer

MindMed (MindMed)Inc (NEO:MMED) (OTCQB:MMEDF) announces first-ever clinical trial combining MDMA and LSD

9.45am: Wall Street makes mixed start

Despite expectations of a higher start across the board, the main indices in New York were a more mixed picture on Tuesday morning as the Nasdaq and Dow turned red in the early minutes of trading.

Shortly after the opening bell, the Dow Jones Industrial Average was down 0.06% at 28,290 while the Nasdaq was down 0.01% at 11,379. The S&P 500 was the only index in the green, rising 0.12% to 3,435.

Investors do not seem to know which way to turn, with positive US-China trade developments seemingly failing to provide an overall boost for markets.

However, news of a Dow Jones Industrial Average reshuffle has worked out well for three stocks scheduled to join the index, with (NYSE:CRM), Amgen Inc (NASDAQ:AMGN) and Honeywell International Inc (NYSE:HON) all higher in early deals. It was less good news for Exxon Mobil Corp (Read More – Source