From Investing.com: 2024-04-16 10:16:49

The Dow Jones Industrial Average rose while other indices dipped on Tuesday. UnitedHealth Group led gains, beating profit expectations. Morgan Stanley also surged after strong first-quarter results. The market is optimistic but cautious amid geopolitical tensions and rising Treasury yields. Investors await Fed speeches for rate clues amidst recent market turmoil.

Israel’s war cabinet met to discuss Iran conflict as markets grapple with escalating Middle East tensions and bond yields hitting new highs. U.S. retail sales surged in March, indicating a strong first quarter for the economy. Fed policymakers’ speeches will be closely watched for policy direction amid market uncertainty.

Rate-sensitive sectors like real estate and utilities fell, while Tesla stocks dropped 3.7% due to layoffs. Johnson & Johnson slipped 2.0% as revenue missed estimates. Market breadth favored declines over advances on both NYSE and Nasdaq, with new highs and lows recorded on respective indices.



Read more at Investing.com: Dow up on UnitedHealth boost; higher bond yields, Mideast tensions cap gains By Reuters