Highlights
Stocks posted moderate gains Tuesday, staging a recovery after stocks and bonds fell Monday evening in overnight trading on news that President Trump publicly fired Federal Reserve Governor Lisa Cook in a post on Truth Social. The Dow Jones industrial average advanced 0.3 percent while the S&P 500 and Nasdaq each rose 0.4 percent. Leading the recovery in stocks were Nvidia, which will be releasing its quarterly results Wednesday, and Eli Lilly, which released late-stage trial data for its experimental weight loss pill.
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.