U.S. stocks closed mixed Tuesday, with the Dow Jones Industrial Average extending its record run to a six straight day, as investors digested quarterly earnings reports from notable companies.
The Dow Jones Industrial Average rose 25.96 points, or 0.14 percent, to 18,559.01. The S&P 500 fell 3.11 points, or 0.14 percent, to 2,163.78. The Nasdaq Composite Index lost 19.41 points, or 0.38 percent, to 5,036.37. Goldman Sachs reported Tuesday net revenues of 7.93 billion U.S. dollars and net earnings of 1.82 billion dollars for the second quarter of 2016, topping analysts' expectations. Shares of the U.S. bank, however, fell 1.18 percent to 161.41 dollars apiece following the release.
Netflix's shares plunged 13.13 percent to 85.84 dollars apiece Tuesday after the company posted lower-than-expected subscriber numbers. Shares of Yahoo edged up 0.58 percent to 38.17 dollars per share Tuesday after the tech giant reported second quarter earnings slightly missing estimates.
The latest data from Thomson Reuters showed that the S&P 500 companies' blended earnings in the second quarter of 2016 are expected to decrease 4.5 percent year on year, while the revenues are forecast to decline 0.8 percent.
On the economic front, privately-owned housing starts in June were at a seasonally adjusted annual rate of 1.189 million units, 4.8 percent above the revised May estimate, according to the U.S. Commerce Department Tuesday.
"The three-month average of housing starts rose from 1,151k at the end of Q1 to 1,160k in Q2, suggesting residential construction will continue to be a positive, albeit small, contributor to Q2 growth," said Sophia Kearney-Lederman, an economic analyst at FTN Financial.
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