- The Dow Jones Industrial Average traded lower Tuesday as shares of Walgreens Boots Alliance (WBA – Get Report) declined after the Dow component missed earnings estimates.
- Dow Inc. (DOW shares climbed 4.7% to $56.01 in their debut on the New York Stock Exchange.
- Shares of Lyft (LYFT fell 1.1% in their third day of trading following the ride-hailing company’s blockbuster initial public offering last week.
Wall Street Overview
Investors also weighed better-than-expected factory data from the U.S. and China against evidence that the trade war between the two countries was hurting growth in other parts of the world. While private studies showed modest factory improvements for both countries, other countries, such as Germany and Japan, saw readings sink to multi-year lows as a result of the he U.S.-China trade war.
The Dow Jones Industrial Average was down 109 points, or 0.42%, to 26,148, the S&P 500 fell 0.12% while the Nasdaq rose 0.07%.
Shares of Delta Air Lines (DAL – Get Report) took off after the Atlanta, Georgia-based air carrier said it expects to earn between 85 cents and 95 cents per share during the first quarter, up from its previous estimate of 70 cents to 90 cents. Shares rose 6.5% to $55.55.
Amazon (AMZN – Get Report) will lower prices on more than 500 items sold at Whole Foods as the company looks to shake its reputation for being a high-cost grocery option. The price cuts, which will average about 20%, will affect fresh produce and expand benefits for Amazon Prime members who will now get more exclusive weekly deals across departments. Shares rose slightly to $1,811.86.
Amazon is a holding in Jim Cramer’s Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells AMZN? Learn more now.
Dow Inc. (DOW shares climbed 4.7% to $56.01 in their New York Stock Exchange debut, while also being added to the Dow Jones Industrial Average. The company was formally spun off from parent DowDuPont (DWDP – Get Report) .
Shares of Lyft (LYFT fell 1.1% to $68.24, below the original listing price of $72 after the ride hailing company’s blockbuster initial public offering last week.
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