(The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: Government bond yields retreated Tuesday as optimism about the prospects of a trade deal between the U.S. and China waned.
The S&P 500 gained 8 points, or 0.29% after reaching a high on Monday. The Dow Jones Industrial Average rose 69 points, or 0.26%. The Nasdaq Composite was up about 0.22%.
Continued uncertainty surrounding trade after this weekend’s talks at the G-20 summit tempered some of investors’ initial enthusiasm. For example, the U.S. said it may introduce new levies on the European Union, depending on the outcome of a World Trade Organization case over the EU’s subsidies of the airplane manufacturer Airbus SE .
Investors piled into traditionally safe assets like U.S. government bonds as their enthusiasm for stocks withered. The yield on the 10-year U.S. Treasury note fell to 1.977% in recent trading, according to Tradeweb, near its low for the year, from 2.033% on Monday. Yields decline as bond prices gain.
Meanwhile, the yield on 10-year German government bonds dropped to a record minus 0.361%. The spread between the yield on 10-year Italian and German debt reached the narrowest in a year after Rome cut its deficit target for 2019 and investors speculated the country would avoid being penalized by the European Union.
Shares of energy companies were among the biggest losers in the S&P 500 on Tuesday as oil prices fell. Valero Energy slipped 4.5% to $80.49. Pioneer Natural Resources dropped 3.9% in recent trading.
Shares of utilities and real-estate companies, which tend to offer hefty dividends, were some of the biggest gainers.
Investors will be watching for new data on international trade from the U.S. Commerce Department on Wednesday and the monthly jobs report Friday. Data published Monday showed U.S. factory activity lost momentum in June and Chinese manufacturing activity contracted for the first time in four months.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-07-02/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/us-stock-futures-pull-back-amid-illusion-of-market-stability-after-sp-500-sets-record-2019-07-02/printWSJ:
https://www.wsj.com/articles/european-stocks-shake-off-tariff-threat-to-climb-11562054313Bloomberg:
https://www.bloomberg.com/news/articles/2019-07-01/asia-stocks-set-for-mixed-start-bonds-decline-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/the-big-picture/current-stock-market-rally-dow-jones-gains-lululemon-keysight-amarin/CNBC:
https://www.cnbc.com/2019/07/02/stock-market-wall-street-monitors-us-china-trade-uncertainty.htmlReuters:
https://uk.reuters.com/article/us-usa-stocks/wall-st-muted-as-trade-optimism-fades-idUKKCN1TX1HWU.K:
https://uk.reuters.com/article/uk-britain-stocks/financials-oil-keep-ftse-100-higher-funding-circle-hits-all-time-low-idUKKCN1TX0PZEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-retreat-from-two-month-highs-as-trade-fueled-rally-fades-idUSKCN1TX0R7Asia:
https://www.marketwatch.com/story/asian-markets-mixed-as-investors-mull-significance-of-trade-truce-2019-07-01/printBonds:
https://www.cnbc.com/2019/07/02/us-bonds-treasury-yields-move-lower-amid-data-fed-speeches.htmlCurrencies:
https://www.cnbc.com/2019/07/02/forex-markets-australian-dollar-rba-rate-decision-in-focus.htmlOil:
https://www.cnbc.com/2019/07/02/gold-markets-global-economy-in-focus.htmlGold:
https://www.cnbc.com/2019/07/02/gold-markets-global-economy-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
