US Stocks traded lower yesterday, led lower by the tech heavy NASDAQ which closed at it's lowest level in 3 weeks.
Shares of heavy equipment maker Caterpillar traded higher yesterday after the company reported 2nd quarter earnings that rose from a year ago which was a surprise as investors had expected the recently imposed tariffs to hurt CAT's earnings.
Shares of the food company Tyson Foods traded sharply lower after the company cut their full year profit guidance on trade uncertainties related to tariffs and volatility in commodity prices.
And according to the National Association of Realtors, pending homes sales in the US rose 1% in June which was better than expected. The housing market increasingly appears to be running on fumes as demand continues to overwhelm supply.
With Northwest Quadrant Wealth Management I'm Tyler Simones