From Nasdaq: 2024-03-26 16:34:31

U.S. stocks slipped on Tuesday, with the Dow and S&P 500 falling for the third consecutive day as investors awaited economic data to gauge the Fed’s policy path. Tesla gained 2.92% after unveiling its Full Self-Driving technology trial, while durable goods orders in February exceeded expectations.

The focus remains on the Personal Consumption Expenditures Price Index due Friday, expected to have risen 0.4% in February. The Dow fell 0.08%, the S&P 500 lost 0.28%, and the Nasdaq slid 0.42%. Markets hit record highs last week after the Fed projected three interest-rate cuts this year.

Trump Media & Technology Group soared 16.1% on its first trading day. McCormick jumped 10.52% after beating market expectations, and Seagate Technology climbed 7.38% following an upgrade from Morgan Stanley. However, United Parcel Service shares plummeted 8.16% after announcing its 2026 forecast.

Trading volumes are expected to be light as the holiday approaches, with the S&P 500 posting 33 new highs. The Nasdaq recorded 122 new highs and 124 new lows, with declining issues outnumbering advancers. UPS faces a challenging outlook, while Seagate Technology finds favor with investors.



Read more at Nasdaq: US STOCKS-Dow, S&P for third straight session with inflation data eyed