y ag
- US stocks fell Tuesday, beginning a new lower month after the big rally in July.
- Dow Dow Merck Caterpillar and Caterpillar both rose after reporting strong quarter earnings.
- The Labor Department will publish data on job openings and ISM will publish their manufacturing activity index later that day.
US stocks fell Tuesday, beginning a new lower month after the big rally in July, as fresh earnings were released and the 10-year Treasury Yield topped 4% once again.
The Dow Jones Industrial Average increased by 3.3% in the last month. Meanwhile, the Nasdaq Composite rose 4%, and the S&P 500 gained 3.1%, as both notched their fifth consecutive monthly advance.
Dow stocks Merck & Caterpillar both rose on the back of quarterly earnings that beat expectations. Pfizer, another blue-chip stock, was flat after mixed results for the second quarter.
On Tuesday, the Labor Department is expected to release its data on the number of job vacancies, while the Institute for Supply Management publishes their manufacturing activity index.
Here are the US indexes shortly after 9:30 am. ET Tuesday’s opening bell:
This morning, here’s a look at what else has been happening:
Commodities, bonds, and crypto:
