The Dow Jones achieved its third consecutive daily gain
US indices closed mixed on Tuesday’s session, amid anticipation of US jobs data and major companies’ earnings reports during the current week.
The data released showed that the manufacturing sector in the United States stabilized at weaker levels in July, with new orders gradually improving.
While a survey showed that factory employment fell to its lowest level in 3 years, indicating accelerated layoffs.
The performance of the main US indices:
The Dow Jones index rose by 0.2%, equivalent to about 71 points, in Tuesday’s session, recording a third daily gain in a row, supported by the rise in Caterpillar stock, after the company announced an increase in its profits in the second quarter.
While the S&P 500 and Nasdaq Composite indices fell by 0.3% and 0.4%, respectively, under pressure from the decline in growth stocks such as Tesla and Amazon as a result of their lower valuations with higher borrowing costs and the 10-year Treasury yield exceeding 4% levels.
Uber stock:
Uber shares fell by 6% in Tuesday’s session, recording its largest daily loss in about 10 months, as the company lost about $6 billion of its market value in one day.
These losses came after the company recorded revenues below expectations in the second quarter of 2023.
The company recorded revenues of $9.23 billion, compared to expectations of $9.33 billion, while the company achieved earnings per share of 18 cents, compared to expectations of a loss of 1 cent per share.
Pfizer stock
Pfizer shares fell by 1.2% in Tuesday’s session, to close around their lowest level in 28 months, after the company reported revenues below expectations, affected by lower sales of COVID-19 products.
