Stocks finish mixed amid Italy worries

Traders
react near the end of the day on the floor of the New York Stock
Exchange in New York
Thomson
Reuters

Stocks were mixed Tuesday, with the Dow closing in on record
highs, as trade tensions eased and after Italy quarreled with the
European Union over its budget. Facebook weighed on the
tech-heavy Nasdaq, days after the social-media giant announced

a major security breach. The dollar jumped against a basket
of peers, and Treasury yields fell. 

Here’s the scoreboard:

Dow Jones industrial
average: 26,778.35 +127.14
(+0.48%)

S&P
500: 2,924.22 −0.37 (-0.01%)

Nasdaq
Composite: 2,923.84 −0.75
(-0.03%)

1. Amazon announced it will raise its minimum wage to $15
   an hour
   beginning in November. The move follows months of
   criticism over its treatment of workers. In a
   statement, chief executive Jeff Bezos said the company had
   listened to its critics.
2. Italy’s
   budget continues to rattle European markets.
   Reuters reports the new populist government coalition
   threatened to sue EU officials who it blamed for the sell-off
   in its financial markets. The country has been clashing with
   eurozone partners after refusing to modify its ambitious
   spending plans, which include a budget-deficit target of
   2.4%. 
3. Tesla
   topped expectations
   for Model 3 deliveries in the third
   quarter. With 55,840 Model 3 sedans, the
   electric-car maker beat both its guidance and analyst
   expectations. Total vehicle deliveries also came in higher
   than expected at 83,500. Shares of the company fell
   more than 3% following the announcement. 

And a look at the upcoming economic calendar:

• Employment data are out in the US and Canada.