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Barchart
Barchart
Rich Asplund

Stocks Finish Mostly Higher on Earnings Optimism

The S&P 500 Index ($SPX) (SPY) closed up by +0.38% on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed up by +1.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.13%. December E-mini S&P futures (ESZ26) rose +0.33%, and December E-mini Nasdaq futures (NQZ26) fell -0.07%.

Stock indexes recovered from early losses on Tuesday and settled mostly higher, with the Dow Jones Industrials climbing to a 5-week high. Better-than-expected corporate earnings results are propelling stocks higher. Weaker crude oil prices and lower bond yields on Tuesday also boosted market sentiment and supported stocks. However, weakness in chipmakers and AI-infrastructure stocks kept the Nasdaq 100 in negative territory.

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