FX.co ★ US Stocks Cautious

The S&P 500 broke its six-day winning streak on Tuesday, registering a 0.3% decline. Similarly, the Nasdaq fell by 0.3%, while the Dow Jones remained relatively unchanged. Investors continued to seek new stimuli and evaluate the economic and fiscal outlook of the United States, alongside any advances in trade discussions. Technology and real estate sectors underperformed, whereas consumer discretionary and utilities sectors showed stronger performance. With a relatively inactive economic calendar for the day, attention shifted to corporate earnings. Home Depot's shares increased by 1.1% following the company's affirmation of its full-year outlook. In the meantime, early remarks from New York Fed President John Williams and Atlanta Fed President Raphael Bostic suggested that any interest rate cuts are not anticipated in the near future. Large-cap stocks experienced mixed results: Apple declined by 0.7%, Microsoft by 0.6%, Nvidia by 1.1%, Amazon by 0.5%, and Meta by 0.3%. Conversely, Alphabet saw a modest gain of 0.2%, and Tesla surged by 3.6% as Elon Musk committed to steering the company over the next five years.