US close: Stocks end mixed after Treasury raises Q3 borrowing estimate

(Sharecast News) - Wall Street's main market gauges finished on a mixed note om the first trading session of the third quarter, against a backdrop of rising government bond yields. Nevertheless, all of the main indices had finished higher for a fifth consecutive month the day before.

The Dow Jones Industrial Average added 0.20% to 35,630.68, alongside a 0.27% dip for the S&P 500 to 4,576.73.

The Nasdaq Composite meanwhile slipped 0.43% to 14,283.91.

In parallel, the yield on the benchmark 10-year U.S. Treasury note was pushing farther above the 4.0% level, adding seven basis points to 4.03%.

Yields on the policy sensitive two year note were also on the up, adding three basis points to 4.89%.

Overnight, the U.S. Treasury had boosted its estimate for federal government borrowing in the third quarter from $733bn to $1trn.

Caterpillar paced gains on the Dow Jones Industrials after beating analysts' estimates by a wide margin.

Uber Technologies was a top gainer after the company clocked in with its first quarterly operational profit.

And its finance director said that it would evaluate returning excess capital to shareholders as its cash flows ramped.

Pfizer slipped after missing estimates for its second quarter revenues, which declined by 54% to $12.73bn.

The Institute for Supply Management's factory sector Purchasing Managers Index edged up from 46.0 for June to 46.4 in July (consensus: 46.8).

Job openings on the other hand were little changed in June, the Department of Labor reported, slipping by just 0.3% month-on-month to 9.582m, but the prior month's tally was revised lower and the so-called quits rate fell from 2.6% to 2.4%.

Dow Jones - Risers

Caterpillar Inc. (CAT) $288.65 8.85% Cisco Systems Inc. (CSCO) $52.66 1.19% Visa Inc. (V) $239.78 0.86% Johnson & Johnson (JNJ) $168.89 0.81% Goldman Sachs Group Inc. (GS) $357.49 0.52% American Express Co. (AXP) $169.65 0.46% Walt Disney Co. (DIS) $89.02 0.16% Microsoft Corp. (MSFT) $336.34 0.13% Intel Corp. (INTC) $35.80 0.08% Dowdupont Inc. (DWDP) $0.00 0.00%

Dow Jones - Fallers

Verizon Communications Inc. (VZ) $33.43 -1.91% Walgreens Boots Alliance, Inc. (WBA) $29.57 -1.33% Merck & Co. Inc. (MRK) $105.28 -1.28% Dow Chemical Co. (DOW) $55.78 -1.22% Nike Inc. (NKE) $109.40 -0.90% Amgen Inc. (AMGN) $232.12 -0.87% 3M Co. (MMM) $110.56 -0.84% Chevron Corp. (CVX) $162.34 -0.83% McDonald's Corp. (MCD) $291.07 -0.73% International Business Machines Corporation (CDI) (IBM) $143.32 -0.59%

S&P 500 - Risers

Arista Networks Inc. (ANET) $185.61 19.68% CenturyLink Inc. (LUMN) $2.03 13.41% Global Payments Inc. (GPN) $120.74 9.52% Caterpillar Inc. (CAT) $288.65 8.85% Eaton Corporation plc (ETN) $219.00 6.66% Stanley Black & Decker Inc. (SWK) $103.98 4.74% Leggett & Platt Inc. (LEG) $30.55 4.41% Sba Communications Corp. (SBAC) $228.10 4.18% Gap Inc. (GPS) $10.62 3.11% Welltower Inc (WELL) $84.60 2.98%

S&P 500 - Fallers

Fiserv Inc. (FI) $0.00 -100.00% Ipg Photonics Corp. (IPGP) $108.36 -17.57% Norwegian Cruise Line Holdings Ltd (NCLH) $19.41 -12.05% Rockwell Automation Inc. (ROK) $310.91 -7.55% Molson Coors Beverage Co. Class B (TAP) $66.52 -4.66% Carnival Corp. (CCL) $17.99 -4.51% Illinois Tool Works Inc. (ITW) $251.85 -4.36% Zimmer Biomet Holdings Inc (ZBH) $132.27 -4.26% Idexx Laboratories Inc. (IDXX) $532.30 -4.04% Citizens Financial Group, Inc. (CFG) $31.09 -3.60%

Nasdaq 100 - Risers

Seagate Technology Plc (STX) $65.32 2.87% Broadcom Inc. (AVGO) $920.00 2.38% Charter Communications Inc. (CHTR) $411.23 1.49% Marriott International - Class A (MAR) $204.74 1.45% Meta Platforms Inc. (META) $322.71 1.29% Biomarin Pharmaceutical Inc. (BMRN) $89.00 1.22% Cisco Systems Inc. (CSCO) $52.66 1.19% Workday, Inc. (WDAY) $239.80 1.13% NetEase Inc. Ads (NTES) $109.67 0.86% Western Digital Corp. (WDC) $42.87 0.73%

Nasdaq 100 - Fallers

Fiserv Inc. (FI) $0.00 -100.00% Idexx Laboratories Inc. (IDXX) $532.30 -4.04% Hologic Inc. (HOLX) $76.61 -3.54% American Airlines Group (AAL) $16.23 -3.10% JD.com, Inc. (JD) $40.04 -3.07% Tesla Inc (TSLA) $261.07 -2.38% Sirius XM Holdings Inc (SIRI) $4.98 -2.35% Mercadolibre Inc. (MELI) $1,210.40 -2.23% Dish Network Corp. (DISH) $7.76 -2.14% eBay Inc. (EBAY) $43.56 -2.13%