Summary
Stocks turned lower on Tuesday morning, led by sharp declines in the Energy and Consumer Discretionary sectors. On the earnings front, Caterpillar shares rose more than 7% after the company posted much better than expected 2Q earnings, despite warning of sequentially lower revenue in 3Q. Pfizer reported sharply lower sales and earnings due to weaker demand for COVID products, though EPS topped the consensus forecast. The Dow was flat, the S&P fell 0.3%, and the Nasdaq fell 0.4%. Crude oil fell nearly 1% to $81 per barrel, while gold traded near $1981 per ounce.
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Source: https://finance.yahoo.com/research/reports/ARGUS_37232_MarketUpdate_1690908541000?yptr=yahoo&ncid=yahooproperties_plusresear_nm5q6ze1cei