Highlights
Equities rose Tuesday as the market appeared overdue for a bounceback after five days of declines in the S&P 500. Earnings news and a retreat in long-end yields provided support.
The Dow Jones industrial average firmed 0.6 percent, the S&P 500 rose 0.7 percent, and the Nasdaq gained 0.9 percent. US Treasury yields were mixed with short yields higher and longer yields down. Oil prices declined while the dollar rose.
Among sectors, best were consumer discretionary, real estate, industrials, materials, especially chemicals, plus communications services, industrials and financials. Big technology shares had a good day, alongside aerospace and defense and managed care. Energy shares lagged as oil prices dropped as the long-awaited Israeli invasion of Gaza remained on hold.
Coca-Cola, RTX, Dow Chemical, Spotify, GE, 3M, and Verizon all advanced after earnings beats. On the negative side, Haliburton and Barclays dropped on revenue shortfalls. HCA healthcare fell after lowering its guidance, and TransUnion lost ground on a profits and revenues miss.
The Dow Jones industrial average firmed 0.6 percent, the S&P 500 rose 0.7 percent, and the Nasdaq gained 0.9 percent. US Treasury yields were mixed with short yields higher and longer yields down. Oil prices declined while the dollar rose.
Among sectors, best were consumer discretionary, real estate, industrials, materials, especially chemicals, plus communications services, industrials and financials. Big technology shares had a good day, alongside aerospace and defense and managed care. Energy shares lagged as oil prices dropped as the long-awaited Israeli invasion of Gaza remained on hold.
Coca-Cola, RTX, Dow Chemical, Spotify, GE, 3M, and Verizon all advanced after earnings beats. On the negative side, Haliburton and Barclays dropped on revenue shortfalls. HCA healthcare fell after lowering its guidance, and TransUnion lost ground on a profits and revenues miss.
Definition
Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.
Description
Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.
