Stocks – Energy, Health, Tech Shares Lead as Wall Street Waits

Investing.com – Stocks overall pulled back modestly Tuesday, despite nibbling at energy, health care and tech stocks, as investors await trade news and a decision from the Federal Reserve.

The and the were each down 0.1%. The slipped 0.07%, and the index dipped 0.1%. The index ended essentially flat.

The waiting was the story. The first question was whether the Trump Administration will impose new tariffs on a host of imports from China, including cell phones, notebook computers and even frozen fish. The tariffs are supposed to be imposed on Sunday.

The talk in Washington was the United States and China were working on a deal to delay the tariffs while negotiations on a trade deal continue. And a phase one deal might include rolling back tariffs imposed in September.

The second question is what the Federal Reserve will decide Wednesday afternoon on interest rates. The central bank is widely expected to leave its key federal funds rate at 1.5% to 1.75%. Chairman Jerome Powell has said further cuts are not needed in an economy that’s growing steadily.

There was some certain news. The Trump Administration and Congress have agreed on a new treaty to replace that North American Free Trade Agreement.

The market seemed to ignore the ongoing impeachment process.

Tesla (NASDAQ:) was among the day’s winners on reports that sales in China are doing well. Netflix (NASDAQ:) and Peloton Interactive (NASDAQ:) were weak on worries about their business prospects .

and prices were higher. Interest rates also moved up, which weighed on housing stocks.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.