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Dow turns positive, erasing earlier losses


Tuesday, 26 February 2019 23:49 WIB

DOW JONES Standard & Poor's 500Saham AS


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Stocks struggled to find direction on Tuesday as investors digested the release of weaker-than-expected Home Depot earnings, mixed economic data and testimony from the top-ranked Federal Reserve official.

The Dow Jones Industrial Average traded just above the flatline after falling more than 100 points earlier in the day. The S&P 500 climbed 0.1 percent while the Nasdaq Composite was also up slightly.

Home Depot reported adjusted fourth-quarter earnings of $2.09 a share, below an expected profit of $2.16. The home improvement company also issued weaker-than-expected guidance for 2019. Those results sent Home Depot shares down about 2 percent.

Source: CNBC


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