The Dow Jones Industrial Average closed at 26,656.39 on Tuesday with a gain of 145.34 points or 0.55%. The S&P 500 closed at 2,933.68 for a gain of 25.71 points or 0.88%. The Nasdaq Composite closed at 8,120.82 for a gain of 105.56 points or 1.32%. The VIX Volatility Index was lower at 12.32 for a loss of 0.10 points or -0.81%.
Tuesday’s market movers
Stocks gained and market indexes reached new highs on Tuesday as investors watched a stream of earnings reports throughout the day. The S&P 500 and Nasdaq both reported new record closing highs.
On the earnings front, Twitter (TWTR, Financial) and Hasbro (HAS, Financial) led gains with earnings beats. In the Dow Jones, United Technologies (UTX, Financial), Coca-Cola (KO, Financial), Procter & Gamble (PG, Financial) and Verizon (VZ, Financial) reported earnings. Other notable companies with earnings releases included Lockheed Martin (LMT, Financial), Texas Instruments (TXN, Financial) and eBay (EBAY, Financial).
Economic reports for the day included the following:
- The FHFA House Price Index increased 0.3% in February following a 0.6% increase in January.
- New home sales increased 4.5% in March to a seasonally adjusted annual rate of 692,000.
- The Treasury held auctions for 52-week bills at a rate of 2.360% and two-year notes at a rate of 2.261%.
In the Dow Jones Industrial Average, the following stocks led gains:
- United Technologies (UTX, Financial) 2.27%
- Coca-Cola (KO, Financial) 1.71%
- Merck (MRK, Financial) 1.55%
Small-cap stocks
In small caps, the Russell 2000 closed at 1,585.09 for a gain of 25.05 points or 1.61%. The S&P 600 closed at 971.62 for a gain of 14.37 points or 1.50%. The Dow Jones Small-Cap Growth TSM Index closed at 10,089.58 for a gain of 154.28 points or 1.55%. The Dow Jones Small-Cap Value TSM Index closed at 9,756.79 for a gain of 144.44 points or 1.50%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,970.84 for a gain of 24.63 points or 1.27%; the S&P 100 at 1,301.56 for a gain of 10.87 points or 0.84%; the Russell 3000 at 1,728.43 for a gain of 16.57 points or 0.97%; the Russell 1000 at 1,625.09 for a gain of 14.81 points or 0.92%; the Wilshire 5000 at 30,300.71 for a gain of 290.68 points or 0.97%; and the Dow Jones U.S. Select Dividend Index at 720.03 for a gain of 4.80 points or 0.67%.
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