Mid-Day Update: Wall Street Rises Amid Data; US, China Seek to Restart Trade Talks

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US stocks maintained their positive momentum around midday on Tuesday amid a raft of economic data and as market sentiment improved following a report of efforts by the US and China to restart talks on trade.

In economic news, June personal income increased 0.4%, with consumption rising 0.4% too, both in line with expectations.

The employment cost index rose at a 0.6% clip in Q2, short of the 0.7% expected, following a 0.8% gain in the preceding quarter.

The S&P Case-Shiller home price index rose 0.2% in May as compared with estimates for a 0.3% gain.

The Chicago Purchasing Managers' Index rose 1.4 points to 65.5 in July after the 1.4 point uptick to 64.1 in June.

The Conference Board's consumer confidence bounced 0.3 points to 127.4 in July, slightly ahead of the 127.0 estimate, after dipping 1.7 points to 127.1 in June.

In Europe, equities were also in positive territory following recent developments surrounding the US-China trade spat, while several companies reported earnings, including Swiss banking group Credit Suisse ( CS ) and oil producer British Petroleum ( BP ).

Crude oil is down 1.57% to $69.03 per barrel. Natural gas is up 0.79% to $2.819 per 1 million BTU. Gold is up 0.09% to $1,232.60 an ounce, while silver is up 0.21% to $15.57 an ounce. Copper is up 0.91% to $2.8175 per pound.

Among energy ETFs, the United States Oil Fund is down 1.24% to $14.36, with the United States Natural Gas Fund is up 0.44% to $23.06. Among precious-metal funds, the VanEck Vectors Gold Miners ETF is up 0.19% to $21.30, while SPDR Gold Shares are up 0.22% to $115.91. The iShares Silver Trust is up 0.48% to $14.65.

Here's where the markets stand at mid-day:


NYSE Composite Index is up 0.46% to 12,962.75

Dow Jones Industrial Index is up 0.57% to 25,451.14

S&P 500 is up 0.58% to 2,819.98

Nasdaq Composite Index is up 0.80% to 7,691.30


FTSE 100 is up 0.62% to 7,748.76

DAX is up 0.06% to 12,805.50

CAC 40 is up 0.37% to 5,511.30

Nikkei 225 is up 0.04% to 22,553.72

Hang Seng Index is down 0.52% to 28,583.01

Shanghai China Composite Index is up 0.26% to 2,876.40


NYSE Energy Sector Index is up 0.25% to 12,304.23

NYSE Financial Sector Index is up 0.05% to 8,111.85

NYSE Healthcare Sector Index is up 0.87% to 15,419.24


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(+) ATLC (+42.1%) Swings to Q2 GAAP net income


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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