
A slow start for stocks Tuesday turned into a sprint for the fine finish, with all three indexes posting solid gains amid an onslaught of better-than-expected economic reports. Still, not all of the day's price action was positive, with one electric vehicle (EV) stock plunging on bankruptcy news.
Ahead of the opening bell, the Census Bureau said orders for durable goods were up 1.7% from April to May, their third straight monthly rise. Excluding transportation and defense, new orders were 0.6% and 3.0% higher, respectively.