Indices closed in the green zone on Tuesday. JPMorgan Chase, Walt Disney, Exxon Mobil, and General Electric led the way up. Brands posted gains on favorable housing data. The Case-Shiller 20-city home-price index showed that prices fell by 1.9% in April from a year ago. Despite the decline, the result marked an improvement over the 2.6% dip in March. Economists had anticipated a 2.5% decrease from a year ago. Meanwhile, the Conference Board’s consumer confidence index fell to 62 in June from a downwardly revised 64.4 in May. Economists had expected a reading of 63.8 for June. On another note, crude oil rose 15 cents to settle at $79.36 a barrel.
Disclosures:
All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The contents are intended for general information purposes only. Information provided should not be the sole basis in making any decisions and is not intended to replace the advice of a qualified professional, such as a tax consultant, insurance adviser or attorney. Although this material is designed to provide accurate and authoritative information with respect to the subject matter, it may not apply in all situations. Readers are urged to consult with their adviser concerning specific situations and questions. This is not to be construed as an offer to buy or sell any financial instruments. It is not our intention to state, indicate or imply in any manner that current or past results are indicative of future profitability or expectations. As with all investments, there are associated inherent risks. Please obtain and review all financial material carefully before investing.