US market inches up; Nasdaq touches new high
U.S equities closed mostly flat with a positive bias on Tuesday. Bonaz Capital
The Nasdaq composite made an intraday high of 6,102.7 thus making a new high for itself.
Share prices of Apple helped Nasdaq inch up to the record highs in Tuesday’s session. Apple touched its record highs in Tuesday session thus contributing to the Nasdaq gains significantly.
The Dow Jones industrial average inched up by about 35 points, with 3M and Visa contributing the most to the index gains.
The S&P 500 closed flat with a green tick even as technology, industrials and healthcare stocks outperformed.
The market will be taking cues from the U.S. Fed meet results, the labour figures due on Friday and the ongoing earnings for some of the big companies.
The market remained cautious ahead of the outcome of the crucial Federal meeting.