Broader Market Unchanged on Tariff Situation
Stocks were little changed Tuesday, as traders assessed fresh Palantir earnings as well as new tariff comments from President Donald Trump and weak earnings from some major industrial names.
The Dow Jones Industrial Average ditched 77.77 points to 44,095.87.
The S&P 500 removed 5.32 points to 6,324.62
The NASDAQ tacked on 22.64 points to 21,076.22.
Palantir shares jumped 7% as the defense technology company said revenue surpassed $1 billion for the first time. On the other hand, Eaton shares dipped 6% due to disappointing guidance. Caterpillar reported an earnings miss, but shares were up 1%.
Also keeping gains in check, Trump told CNBC that tariffs on chips, as well as pharmaceuticals, were coming soon.
Investors on Tuesday will watch for more earnings reports, with names like Snap, Advanced Micro Devices and Rivian scheduled for after the close. Out of the roughly 370 companies in the S&P 500 that have already reported this reporting season, more than 81% have beaten expectations.
The 10-year note yield was more than two basis points higher at 4.222%.
Oil prices retreated 88 cents to $65.41 U.S. a barrel.
Gold prices gained $4.20 at $3,430.60 U.S. an ounce.
