The S&P 500 Index ($SPX) (SPY) on Tuesday rose by +0.34%, the Dow Jones Industrials Index ($DOWI) (DIA) fell by -0.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose by +0.84%.
The broader stock indexes closed higher on Tuesday as tech stocks eventually led the market higher and offset weakness in bank and energy stocks. Bank stocks fell after JPMorgan Chase President Pinto said analysts are too optimistic in projecting next year's expenses and net interest income. Also, Goldman Sachs CEO Solomon said his bank's trading unit is on track to fall -10% from the prior year, led by declines in the fixed-income business. Tuesday's -4.3% slump in WTI crude oil to a 16-month low undercut energy stocks.
