


Stock indexes ticked to more records following the latest signal that the U.S. economy’s growth may be slowing without cratering.
The S&P 500 added 0.3% to set an all-time high for the 31st time this year. The Nasdaq composite edged up by less than 0.1% to set its own record, while the Dow Jones industrial average added 56 points, or 0.1%.
Underneath that calm market surface, Nvidia was the star again. It rose again, this time up 3.5%. It was the strongest force pushing the S&P 500 upward, again. And it lifted its total market value further above $3 trillion, again.
Stocks broadly got some lift Tuesday from easing yields in the bond market. Treasury yields fell after a report showed sales at U.S. retailers returned to growth last month but remained below economists’ expectations.
The yield on the 10-year Treasury fell to 4.21% from 4.29% late Monday. The two-year yield, which more closely tracks expectations for the Fed, fell to 4.70% from 4.77%.
Lennar, a homebuilder, fell 5% after co-CEO Stuart Miller said “challenged consumer sentiment” and swings in interest rates are testing the company. Its stock fell even though it reported better profit for the latest quarter than analysts expected.
Shares of Fisker more than halved to 2 cents after the electric-vehicle maker filed for Chapter 11 bankruptcy protection. The company cited “various market and macroeconomic headwinds.”
Silk Road Medical jumped 24% after Boston Scientific agreed to buy the medical device company in a cash deal valuing it at roughly $1.26 billion, including its cash. Boston Scientific added 0.2%.
All told, the S&P 500 rose 13.80 points to 5,487.03. The Dow gained 56.76 to 38,834.86, and the Nasdaq composite edged up by 5.21 to 17,862.23.
Benchmark U.S. crude oil for July delivery rose $1.24 to $81.57 per barrel Tuesday. Brent crude for August delivery rose $1.08 to $85.33 per barrel.
Gold for August delivery rose $17.90 to $2,346.90 per ounce. Silver for July delivery rose 17 cents to $29.56 per ounce, and July copper rose 4 cents to $4.49 per pound.
July corn was up 3.75 cents at $4.48 a bushel. July wheat fell by 9.5 cents at $5.80 a bushel. July oats rose by 2.25 cents at $3.22 a bushel. July soybeans rose by 14.25 cents at $11.72 a bushel.
— Associated Press