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Rich Asplund

Stocks Settle Higher on Positive Corporate News and Lower Bond Yields

Dow Jones Industrials United States US Federal Reserve KUGLER Bank of America Match Group NAHB Starboard Value UnitedHealth Group

The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.64%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.85%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.06%.

Stock indexes closed higher on Tuesday, with the S&P 500 and Dow Jones Industrials posting new all-time highs. Positive corporate news boosted the broader market Tuesday, with Bank of America up more than +5% after reporting better-than-expected Q2 net interest income and forecasting Q4 net interest income above consensus.  Also, Match Group closed up more than +7% after Starboard Value said it had built a 6.6% stake in the company.  In addition, UnitedHealth Group closed up more than +6% after forecasting full-year adjusted EPS above consensus. 

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