US close: Stocks rise as Dow logs strongest first‑half performance in five years

(Sharecast News) - Major indices closed higher on Tuesday, with the Dow Jones setting yet another fresh record close as it registered its best first-half performance since 2021.

At the close, the Dow Jones Industrial Average was up 0.26% at 52,319.20, while the S&P 500 advanced 0.79% to 7,499.36 and the Nasdaq Composite saw out the session 1.52% firmer at 26,213.72.

The Dow closed 136.46 points higher on Tuesday, extending gains recorded in the previous session, as major indices wrapped up the first half with another winning session after stocks rallied on Monday thanks to the announcement of a pause in hostilities betweem the US and Iran.

On the macro front, US homeprice growth remained subdued in April, according to the latest S&P Cotality CaseShiller data, with the national index rising 0.8% yearonyear, barely above March's 0.7% pace. Nicholas Godec of S&P Dow Jones Indices said inflation running at 3.8% meant values had now fallen in real terms for an 11th straight month, continuing the erosion of inflationadjusted housing wealth. Godec said geographic dispersion remained marked, with the Midwest and Northeast still showing moderate gains while many Sun Belt and Western metropolitan markets posted declines. Monthly movements showed typical spring strength on a nonseasonally adjusted basis, with the national index up 0.8%, and the 10City and 20City composites rising 1.1% and 1.0%, respectively. After seasonal adjustment, however, the national index slipped 0.1%, while the 20City composite was essentially flat.

Elsewhere, the Chicago Business Barometer jumped 13.5 points to 62.7 in May, according to the Institute for Supply Management, returning to expansionary territory after dipping below the neutral 50 mark in April. The index now sits at its highest level since January 2022 and recorded the joint secondlargest monthly increase since the survey began in 1967, with only July 2020 seeing a bigger rise. May's improvement was driven by stronger readings for new orders, production, order backlogs and supplier deliveries, while a decline in employment provided a small offset.

On another note, US job openings were unchanged at 7.6m in May, according to the Bureau of Labor Statistics, with hires also steady at 5.2m and total separations little changed at 5.1m. Within separations, quits held at 3.1m, while layoffs and discharges were unchanged at 1.7m. The jobopenings rate remained at 4.6%, with wholesale trade seeing a 71,000 increase, while the hires rate was stable at 3.3%, supported by an 11,000 rise in federalgovernment hiring. Total separations were unchanged at 3.2%, with little movement across industries. The quits rate held at 1.9%, with quits in the federal government up 4,000. Layoffs and discharges were steady at 1.1%, though arts, entertainment and recreation saw a 42,000 decline.

In the corporate space, Nike reported quarterly earnings and revenues that came in ahead of Wall Street expectations, even as it posted another sales decline in China - one of the brand's key markets.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Intel Corp. (INTC) $139.48 13.07%

Caterpillar Inc. (CAT) $1,064.90 3.07%

Cisco Systems Inc. (CSCO) $117.46 1.52%

Apple Inc. (AAPL) $289.07 1.20%

McDonald's Corp. (MCD) $270.31 1.17%

International Business Machines Corporation (CDI) (IBM) $281.21 1.15%

Boeing Co. (BA) $216.47 0.83%

Home Depot Inc. (HD) $352.68 0.53%

Amgen Inc. (AMGN) $362.05 0.47%

Visa Inc. (V) $343.09 0.42%

Dow Jones - Fallers

Verizon Communications Inc. (VZ) $42.34 -3.99%

Walt Disney Co. (DIS) $96.25 -2.41%

Dow Chemical Co. (DOW) $27.36 -2.01%

Johnson & Johnson (JNJ) $253.97 -1.76%

Coca-Cola Co. (KO) $81.27 -1.67%

Microsoft Corp. (MSFT) $372.73 -1.62%

Chevron Corp. (CVX) $165.76 -1.61%

Procter & Gamble Co. (PG) $146.64 -1.22%

Nike Inc. (NKE) $41.05 -1.04%

Unitedhealth Group Inc. (UNH) $415.63 -1.00%

S&P 500 - Risers

KLA-Tencor Corp. (KLAC) $301.71 18.07%

Intel Corp. (INTC) $139.48 13.07%

Applied Materials Inc. (AMAT) $723.00 12.13%

Lam Research Corp. (LRCX) $433.33 11.95%

Advanced Micro Devices Inc. (AMD) $580.16 10.28%

Coty Inc. Class A (COTY) $2.16 10.20%

Ipg Photonics Corp. (IPGP) $117.32 9.79%

Nektar Therapeutics (NKTR) $69.79 8.80%

Air Products & Chemicals Inc. (APD) $293.18 8.04%

Fortune Brands Innovations, Inc. (FBIN) $54.90 7.71%

S&P 500 - Fallers

Coterra Energy Inc. (CTRA) $32.56 -8.62%

Charter Communications Inc. (CHTR) $142.23 -6.00%

Copart Inc. (CPRT) $28.20 -5.79%

Digital Realty Trust (DLR) $179.58 -5.77%

Hormel Foods Corp. (HRL) $24.82 -5.66%

Zimmer Biomet Holdings Inc (ZBH) $86.09 -5.64%

Mosaic Company (MOS) $21.19 -5.53%

Netflix Inc. (NFLX) $71.00 -5.51%

Equinix, Inc. (EQIX) $1,042.47 -5.34%

Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $450.98 -5.33%

Nasdaq 100 - Risers

KLA-Tencor Corp. (KLAC) $301.71 18.07%

Intel Corp. (INTC) $139.48 13.07%

Applied Materials Inc. (AMAT) $723.00 12.13%

Lam Research Corp. (LRCX) $433.33 11.95%

Asml Holdings N.V. (ASML) $1,989.44 9.53%

Tesla Inc (TSLA) $420.31 8.59%

Seagate Technology Plc (STX) $964.96 7.52%

Western Digital Corp. (WDC) $638.58 7.35%

Micron Technology Inc. (MU) $1,150.77 5.99%

Baidu Inc. (BIDU) $114.32 4.89%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $0.34 -13.49%

Charter Communications Inc. (CHTR) $142.23 -6.00%

T-Mobile Us, Inc. (TMUS) $167.68 -5.80%

Netflix Inc. (NFLX) $71.00 -5.51%

Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $450.98 -5.33%

Mondelez International Inc. (MDLZ) $57.81 -5.20%

Intuit Inc. (INTU) $260.98 -5.09%

Cognizant Technology Solutions Corp. (CTSH) $38.72 -5.00%

Align Technology Inc. (ALGN) $168.68 -4.22%

Idexx Laboratories Inc. (IDXX) $526.21 -4.08%