The Dow Jones slipped back below 43,000 on Tuesday.
Markets are softer on Tuesday after ripping into new records this week.
Weak points in tech sector are leading equities lower despite broad earnings beats.
The Dow Jones Industrial Average (DJIA) trimmed lower on Tuesday despite starting the day with a fresh all-time peak bid. The major equity index declined back below the 43,000 major handle through the US market session as chipmakers, health services companies, and the energy sector drag averages lower.
Earnings season is well underway in US equities, with roughly 80% of all reporting companies beating market analyst expectations. However, some dark points are still clouding the skies, with key healthcare and semiconductor producers posting worse-than-expected results in the third quarter.
The economic calendar remains tepid on US data until September’s Retail Sales figures release on Thursday, leaving investors to focus on regular appearances from Federal Reserve (Fed) policymakers that dot the landscape throughout the week. Energy sector stocks broadly eased after the US announced it had secured assurances that Israel won’t be targeting Iranian Crude Oil or nuclear energy facilities as the ongoing Middle East geopolitical conflict roils on.
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