Dow Probably Won’t Hit 20,000 Today, But Stocks Are Soaring – IOTW Report

Dow Probably Won’t Hit 20,000 Today, But Stocks Are Soaring

Stock market flirts with records after heavy round of earnings

U.S. stocks moved higher Tuesday, with the S&P 500 and the Nasdaq trading above previous closing records as investors focused on a flurry of earnings reports.

The S&P 500 SPX, +0.69%  rose 13 points, or 0.6%, to 2,278, with eight of 11 sectors trading higher, edging above its previous closing high set on Jan. 6. Materials, financials and energy sectors were leading gains, while telecoms and health-care stocks were the biggest laggards.

The Dow Jones Industrial Average DJIA, +0.66%  was up by 121 points, or 0.6%, at 19,920, with more than two thirds of the components trading higher.

more

 

2 Comments on Dow Probably Won’t Hit 20,000 Today, But Stocks Are Soaring

Comments are closed.