Tuesday, July 19, 2016 S&P pulls back from record; Dow notches eighth day of gainsThe S&P 500 pulled back from record highs on Tuesday, while the Dow industrials edged up for an eighth straight day of gains, as investors digested mixed earnings reports amid lowered expectations for global economic growth. The Dow's eighth straight session of gains marked its longest winning streak since March 2013. Even with the economic concerns triggered by Britain's recent vote, the S&P 500 and Dow have hit record highs in the past week. The S&P 500 lost 3.11 points, or 0.14 percent, to 2,163.78 and the Nasdaq Composite dropped 19.41 points, or 0.38 percent, to 5,036.37. Netflix's disappointing quarterly results weighed on the S&P 500 and the Nasdaq, while Johnson & Johnson's strong earnings and forecast helped prop up the Dow.
Source: Bueno Aires Herald July 19, 2016 20:26 UTC