FOX Business: Capitalism Lives Here
U.S. equity markets were lightly changed on Tuesday as traders mulled the latest batch of corporate earnings and awaited Fed minutes due out later in the week.
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As of 11:27 a.m. ET, the Dow Jones Industrial Average rose 0.7 point, or 0.00%, to 15976, the S&P 500 fell 0.78 point, or 0.04%, to 1791 and the Nasdaq Composite dipped 0.4 point, or 0.01%, to 3949.
The Dow crossed above the 16000 mark for the first time in history Monday. However, the blue-chip average failed to hold the historic level, closing at a sub-16000 record high.
The economic data docket is bare on the day, leaving traders with a round of corporate news to parse through. Tesla (NASDAQ:TSLA) shares dropped in pre-market trading after the U.S. government said it was investigating Model S fires. Home Depot (NYSE:HD) posted better-than-expected quarterly results, sending shares of the biggest U.S. home improvement retailer higher. Best Buy (NYSE:BBY) posted a better-than-expected quarterly profit, but warned about tight margins due to sales efforts.
J.P. Morgan Chase (NYSE:JPM) was also said to have struck a $13 billion pact with the Department of Justice to put a slew of legal issues behind the biggest American bank by assets.
In commodities, U.S. crude oil futures fell 38 cents, or 0.41%, to $92.65 a barrel. Wholesale New York Harbor gasoline rose 0.06% to $2.658 a gallon. Gold climbed $1.90, or 0.15%, to $1,274 a troy ounce.