US Stocks Surge to Close Higher on Tuesday
London: 25 October 2023 (TraderMade): Wall Street experienced a surge in positive sentiment on Tuesday, driven by a wave of robust corporate earnings and promising outlooks. Thus, it reignited investor appetite for risk and spurred a broad-based market rally.
All three of the primary U.S. stock indices saw significant gains, with large, interest rate-sensitive corporations contributing substantially to the overall upswing. This came as benchmark Treasury yields remained steady, comfortably below their recent peak at 5%.
US Indices updates
Dow Jones Industrial Average (USA30)
The index closed at 33,002 on Monday. Today, it is at 33192.1 (0.567% increase).
S&P 500 (SPX500)
This index closed on Monday at 4225.2, and at the moment it is at 4237.5 (a rise of 0.29%).
Nasdaq 100 (NAS100)
Nasdaq 100 closed on Monday at 14,650.5. Currently, it is at 14,685.05 (0.236% increase).
Overall, Tuesday's market activity underscored the resurgence of optimism and confidence among investors, driven by a string of impressive corporate earnings reports and positive growth expectations. Wall Street continues to closely monitor the ongoing earnings season as it progresses, with hopes of sustaining this renewed sense of enthusiasm.
