Market Watch: Investors Turn Towards Domestic Data

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U.S. stocks were slightly higher on Tuesday, as investors moved their attention away from Greece and back to information on the U.S. economy.

Today’s biggest piece of data—retail sales—proved disappointing, as June figures showed a decline of 0.3 percent. Experts and analysts had been expecting an increase of 0.3 percent.

Treasury yields and the dollar fell slightly, ending a recent trend of daily increases. The information comes one day ahead of Federal Reserve Chair Janet Yellen’s bi-annual testimony before Congress. Last week, markets reacted to Yellen’s admission that a 2015 interest rate increase was likely.

Elsewhere, oil prices stabilized after a 2% drop earlier. The drop was the result of some lesser sanctions against Iran in the wake of a proposed nuclear deal.

Here are the final numbers from Tuesday on Wall Street:

Dow Jones Industrial Average: 18,053.58 (+75.90)

NASDAQ: 5,104.89 (+33.38)

S&P 500: 2,108.95 (+9.35)

Phil Cannella
Partnered with CBS Radio Network, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella

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