The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.57%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.57%.
Stocks on Tuesday settled higher, with the S&P 500 and Dow Jones Industrials posting new all-time highs. Positive corporate news Tuesday lifted the broader market as JM Smucker rose more than +5% after reporting stronger-than-expected Q2 adjusted EPS and boosting its full-year adjusted EPS forecast. Also, Eli Lilly rose more than +4% after the Biden administration proposed a rule requiring the US government to cover weight-loss drugs through the Medicare and Medicaid systems. Stocks added to their gains Tuesday afternoon on an easing of Middle East tensions after President Biden said Israel and Hezbollah agreed to a cease-fire deal.
