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  • Wall Street stocks were mixed early Tuesday ahead of key US manufacturing data after closing the books on a buoyant August. About 15 minutes into the trading day, the tech-rich Nasdaq Composite Index was up 0.6 percent at 11,845.82, adding to its latest record close from Monday. The Dow Jones Industrial Average dipped 0.1 percent to 28,408.39, while the broad-based S&P 500 edged up 0.1 percent to 3,504.12. The major US indices enjoyed their best August since the mid-1980s in the wake of extraordinary fiscal and monetary efforts from Washington to boost the economy after coronavirus shutdowns. Analysts say trading during the upcoming period will be affected by action on a stalled emergency spending package to support the economy and the course of the US presidential election. The day's major economic report will be the Institute for Supply Management's report on manufacturing for August, which is expected to show a slight improvement from the prior month. Among individual companies, Walmart jumped 2.3 percent after unveiling a long-discussed membership program to provide free delivery and compete directly with Amazon's popular "Prime" service. Tesla shares fell 4.0 percent after announcing it would raise up to $5.0 billion with an offering of newly-issued shares. The pullback comes a day after a stock split following the electric car maker's surge this year. Zoom Video Communications surged 35.5 percent after reporting that quarterly profit shot up to $186 million compared with $5.5 million in the year-ago period. The Silicon Valley-based company that has become a popular way to work, learn or socialize during the pandemic. jmb/hs
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  • After winning August, US stocks open September mixed
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