Wall Street’s major averages finished mixed as investors digested a slew of economic data.
On Tuesday, the Dow Jones Industrial Average fell 60.02 points, or 0.21 per cent, to 28,248.44. The S&P 500 rose 12.34 points, or 0.36 per cent, to 3,443.62. The Nasdaq Composite Index was up 86.75 points, or 0.76 per cent, to 11,466.47, Xinhua news agency reported.
Six of the 11 primary S&P 500 sectors closed higher, with communication services up 0.97 per cent, outpacing the rest. Energy slipped 1.42 per cent, the worst-performing group.
Meanwhile, US-listed Chinese companies traded roughly higher, with all the top 10 stocks by weight in the S&P US Listed China 50 index ending the day on an upbeat note.
On the data front, new-home sales in the United States came in at a seasonally adjusted annual rate of 901,000 in July, up 13.9 percent from the June reading, the Commerce Department reported on Tuesday. Economists polled by MarketWatch had expected a median pace of new home sales of 790,000.
US Consumer Confidence Index decreased to 84.8 in August from 91.7 in July, as Americans worried about the economic outlook, New York-based The Conference Board reported. The reading fell short of market consensus.
Wall Street also paid close attention to U.S.-China relations.