Finance
Stocks finish mixed amid Italy worries
Stocks were mixed Tuesday, with the Dow closing in on record
highs, as trade tensions eased and after Italy quarreled with the
European Union over its budget. Facebook weighed on the
tech-heavy Nasdaq, days after the social-media giant announced
a major security breach. The dollar jumped against a basket
of peers, and Treasury yields fell.
Here’s the scoreboard:
Dow Jones industrial
average: 26,778.35 +127.14
(+0.48%)
S&P
500: 2,924.22 −0.37 (-0.01%)
Nasdaq
Composite: 2,923.84 −0.75
(-0.03%)
- Amazon announced it will raise its minimum wage to $15
an hour
beginning in November. The move follows months of
criticism over its treatment of workers. In a
statement, chief executive Jeff Bezos said the company had
listened to its critics. - Italy’s
budget continues to rattle European markets.
Reuters reports the new populist government coalition
threatened to sue EU officials who it blamed for the sell-off
in its financial markets. The country has been clashing with
eurozone partners after refusing to modify its ambitious
spending plans, which include a budget-deficit target of
2.4%. - Tesla
topped expectations
for Model 3 deliveries in the third
quarter. With 55,840 Model 3 sedans, the
electric-car maker beat both its guidance and analyst
expectations. Total vehicle deliveries also came in higher
than expected at 83,500. Shares of the company fell
more than 3% following the announcement.
And a look at the upcoming economic calendar:
- Employment data are out in the US and Canada.
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