19.08.202513:35:21UTC+00US Stocks Hold in Narrow Range

On Tuesday, US stocks showed a mixed performance within narrow ranges as the markets considered earnings reports and continued to evaluate the monetary policy outlook for the year. The S&P 500 hovered near the flatline, remaining close to the record highs reached last week, while the Dow Jones Industrial Average rose by 100 points. Meanwhile, the Nasdaq 100 slipped by 0.3%. Home Depot saw a 3% increase, bolstering the Dow despite falling short of its second-quarter earnings estimates, as the leading home-improvement retailer maintained its annual forecast. This week marks the beginning of earnings reports from multiple major retailers, including Walmart, Target, and Lowe's, which are anticipated to influence market movements and provide insight into domestic consumption trends. Additionally, Intel's shares soared by 7% after SoftBank agreed to invest $2 billion in its equity, following reports that the US government might also be considering taking a stake. Remarks from Fed Chair Jerome Powell are expected later this week during the Jackson Hole symposium, accompanied by the release of minutes from the Federal Open Market Committee's meeting.