The US markets ended mostly in green on Tuesday ahead of quarterly earnings release of Google parent Alphabet (GOOGL) and electric car maker Tesla (TSLA).Traders are also awaiting a slew of economic data,including Richmond Fed Manufacturing Index for July and Fed Money Supply for June. Meanwhile, markets experienced some profit booking following recent gains in Nasdaq and the S&P 500,which both closed near their record highs.Additionally, a negative reaction to some of the latest earningsreportsalso weighing on the markets.
On the sectoral front, housing stocks showed a substantial move to the upside on the day, driving the Philadelphia Housing Sector Index up by 6.7 percent to its best closing level in over five months. D.R. Horton (DHI) helped lead the sector higher, soaring by 17 percent after reporting better than expected fiscal third quarter results. Besides, considerable strength has been seen among gold stocks, as reflected by the 3.1 percent jump by the NYSE Arca Gold Bugs Index.
Dow Jones Industrial edged climbed 179.37 points or 0.4 percent to 44,502.44 and S&P 500 S&P 500 inched up 4.02 points or 0.06 percent to 6,309.62, while Nasdaq fell 81.49 points or 0.39 percent to 20,892.69.
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