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 September 10, 2019 - 4:32 PM EDT
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Dow On the Move Tuesday

Dow On the Move Tuesday

Stocks ended the day little changed on Tuesday, weighed down by a continuing decline in tech shares while Ford was pressured by a downgrade to its credit rating.

The Dow Jones Industrial Average strengthened 73.92 points to close the session at 26,909.43, posting a five-day winning streak.

The S&P 500 squeaked higher 0.96 points to 2,979.35

The NASDAQ Composite subtracted 3.28 points to 8,084.15

Shares of Facebook gained 1.4%, while Amazon took on 0.6%,

Netflix shares dropped 2.2% after Apple unveiled a TV service for $4.99 per month.

Ford Motor was the biggest decliner in the S&P 500 on Tuesday, dropping 1.4%. The stock fell after Moody's downgraded the auto maker's credit rating to junk status, citing below-expectations profit margins and cash flow.

Huawei dropped Tuesday one of its lawsuits against the U.S., after some equipment seized by Washington nearly two years ago was returned to the company.

Huawei's lawsuit drop is the latest sign that tensions between the U.S. and China are easing ahead of a meeting scheduled for Oct. 1. The world's largest economies have been engaged in a trade war since last year. Over that time, they have slapped tariffs on billions of dollars worth of their goods.

On the economic slate, job openings were little changed at 7.2 million on the last business day of July. Over the month, the U.S. Bureau of Labor Statistics also said, hires edged up to six million and separations increased to 5.8 million.

Prices for the benchmark 10-year U.S. Treasury sank, boosting yields to 1.74% from Monday's 1.64%. Treasury prices and yields move in opposite directions

Oil prices dipped 28 cents to $57.57 U.S. a barrel.

Gold prices dipped $16.20 to $1,494.90 U.S. an ounce.


Source: Livemoney (September 10, 2019 - 4:32 PM EDT)