© Reuters.

Investing.com – Stocks ended Tuesday mixed, with declines in Google parent Alphabet and Apple holding down tech stocks overall, while lower interest rates enticed investors to look at utilities, consumer staples and related stocks.

The finished up 0.15% on the day. The S&P 500 rose 0.1%. The Nasdaq dropped 0.66%.

Alphabet (NASDAQ:) was off 7.5%, its biggest one-day loss since 2008, after revenue in its first-quarter report was $1 billion less than expected.

Apple (NASDAQ:) was off 1.9% ahead of a quarterly report expected to show a rare decline in earnings and revenue. In addition, some traders were waiting for the Federal Reserve’s decision on interest rates, due Wednesday afternoon, along with a press conference from Chairman Jerome Powell. The Fed is expected to leave rates .

The fell to 2.509% from 2.536% on Monday.

The Nasdaq and S&P 500 had both hit new highs as late as Monday as the market continued its strong rebound from the sharp slump in the fourth quarter of 2018.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

2019-04-30