Adviser Investments Senior Vice President Chris Keith has the market analysis for Tuesday, July 23. For the second consecutive day, all major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes increased with the Dow Jones Industrial Average and S&P 500 up 0.7% and the NASDAQ Composite rising 0.6%. Existing home sales came in below expectations—while still elevated at 5.27 million annualized, record high prices are leaving would-be buyers on the sidelines. United Technologies Corporation released its first earnings report since the Raytheon merger. Since then, UTX increased their profit forecast and the stock was up about 1.5% on the day.
Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.