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Barchart
Barchart
Rich Asplund

Stocks Recover on Strength in Apple and Airline Stocks

Apple SP MAR Nasdaq US Federal Reserve Austan Goolsbee United States Inflation Mining Chicago Fed

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.10%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.13%.  March E-mini S&P futures (ESH26) rose +0.12%, and March E-mini Nasdaq futures (NQH26) fell -0.11%.

Stock indexes recovered from early losses on Tuesday and settled mixed, with the Nasdaq 100 falling to a 2.75-month low.  The S&P 500 recovered from a 1.5-week low and moved higher after Apple jumped more than +3% when it said it will hold a product launch on March 4 and will announce several new devices in the coming weeks.  Also, airline stocks rallied on Tuesday, lifting the broader market. 

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