"Stocks rallied on Tuesday, and all major indices closed higher. While not recouping all of the losses from Monday, a strong bounce-back was a welcome sight for investors. A combination of a rebound in technology and software shares, easing fears of AI-related industry disruption, and positive consumer sentiment, along with stronger-than-expected hiring data and consumer confidence figures, boosted investor confidence."
"The winner on Tuesday was the index that has led all year: the small-cap heavy Russell 2000 closed the day up 1.20% at 2,652. The Nasdaq won the Silver medal, finishing the session up 1.05% at 22,863. The Dow Jones Industrials and the S&P 500 came in neck and neck for the Bronze, closing at 49,174, up 0.76%, and 6,890, up 0.77%, respectively."
"Prices across the energy complex were mixed Tuesday, as investors remain focused on the massive military build-up in the Middle East, which has grown to the largest since the Gulf War years ago. Brent Crude closed down 1.01% at $70.77, while West Texas Intermediate closed modestly higher at $66.11, up 0.73%."
Markets recovered on Tuesday following Monday's significant losses, with all major indices closing higher. The Russell 2000 led gains at 1.20%, followed by the Nasdaq at 1.05%, while the Dow Jones and S&P 500 each gained approximately 0.76-0.77%. Recovery drivers included rebounds in technology and software shares, diminished fears of AI-related disruption, and positive consumer sentiment. Stronger-than-expected hiring data and consumer confidence figures bolstered investor confidence. Treasury yields rose across the curve as bond traders awaited economic data. Energy prices remained mixed amid Middle East military buildup, with Brent Crude down 1.01% and WTI up 0.73%. Gold declined slightly to $5,130 after Monday's rally.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]