US stock markets closed with mixed results on Tuesday as investors weighed corporate earnings reports and new trade developments. The Dow Jones Industrial Average rose 0.4% to 44,502.44, while the S&P 500 inched up 0.06% to a record 6,309.62. The Nasdaq Composite fell 0.39% to 20,892.69, dragged by tech sector declines.
Health care and real estate sectors led gains, climbing 1.9% and 1.78%, respectively. Technology and communication services were the sole laggards, dropping 1.08% and 0.31%. Markets rebounded from early losses after news of a US-Philippines trade agreement sparked optimism about global trade progress.
With 88 S&P 500 companies reporting Q2 earnings so far, over 82% have exceeded analyst expectations. Attention now shifts to earnings from tech giants Alphabet and Tesla this week, seen as bellwethers for Asia's export-driven tech supply chains.
Analysts suggest the mixed performance reflects cautious optimism among global investors, particularly those eyeing Asia's manufacturing hubs. 'Trade developments between the US and Southeast Asian partners could signal opportunities for cross-Pacific collaboration,' said market strategist Lin Wei.
