Stocks closed higher on Wall Street as calm returned to the market a day after its biggest pullback in almost two years.
The S&P 500 rose 1% Tuesday, breaking a brutal three-day losing streak. The Dow Jones Industrial Average climbed 0.8%, and the Nasdaq composite added 1%. Strong profit reports from Uber and other companies helped support the market.
The vast majority of stocks climbed in a mirror opposite of the day before, when the unraveling of some popular trades and worries about the U.S. economy wracked markets. Treasury yields climbed, clawing back some of their sharp drops since April.
On Tuesday:
The S&P 500 rose 53.70 points, or 1%, to 5,240.03.
The Dow Jones Industrial Average rose 294.39 points, or 0.8%, to 38,997.66.
The Nasdaq composite rose 166.77 points, or 1%, to 16,366.85.
The Russell 2000 index of smaller companies rose 25.14 points, or 1.2%, to 2,064.30.
For the week:
The S&P 500 is down 106.53 points, or 2%.
The Dow is down 739.60 points, or 1.9%.
The Nasdaq is down 409.31 points, or 2.4%.
The Russell 2000 is down 45.01 points, or 2.1%.
For the year:
The S&P 500 is up 470.20 points, or 9.9%.
The Dow is up 1,308.12 points, or 3.5%.
The Nasdaq is up 1,355.50 points, or 9%.
The Russell 2000 is up 37.23 points, or 1.8%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
