Nasdaq turns negative as Dow soars | July 16, 2024

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The Nasdaq Composite (^IXIC) turned lower in afternoon trading on Tuesday with the tech-heavy index falling about 0.2%.
The Dow (^DJI) and S&P 500 (^GSPC), however, held onto gains as the Dow surged more than 1.4% to trade around 40,788. The index was boosted by shares of UnitedHealth (UNH), which climbed about 5% after the insurance company posted earnings that beat expectations.
Crude oil (CL=F) dropped more than 1% to trade just below $81 a barrel as traders assessed disappointing growth data out of China.
Yields also declined with the 10-year treasury yield (^TNX) falling around 4 basis points to trade near 4.2%.
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