US Indexes Continue Gains Tuesday

The Dow Jones Industrial Average closed at 30,687.48 on Tuesday with a gain of 475.57 points or 1.57%. The S&P 500 closed at 3,826.31 for a gain of 52.45 points or 1.39%. The Nasdaq Composite closed at 13,612.78 for a gain of 209.38 points or 1.56%. The VIX Volatility Index was lower at 25.56 for a loss of 4.68 points or -15.48%.

Tuesday’s market movers

U.S. indexes closed higher again Tuesday. Democrats continued with negotiations for a $1.9 trillion stimulus plan, while Senate Republicans are working on a $618 billion plan.

On the earnings calendar:

  • Amazon (NASDAQ:AMZN): Revenue of $125.55 billion increased 43.6% year over year and beat estimates by $5.82 billion. Fourth-quarter GAAP earnings of $14.09 per share beat estimates by $6.96. Jeff Bezos announced he is transitioning to executive chairman.
  • Alphabet (GOOG, GOOGL): Revenue of $56.89 billion increased 23.5% year over year and beat estimates by $4 billion. Fourth-quarter GAAP earnings of $22.30 beat estimates by $6.58.
  • Pfizer (NYSE:PFE): Revenue of $11.68 billion increased 11.8% year over year and beat estimates by $360 million. Fourth-quarter GAAP earnings of 10 cents missed estimates by 30 cents and non-GAAP earnings of 42 cents missed estimates by 4 cents.
  • Exxon Mobil (NYSE:XOM): Revenue of $46.54 billion decreased 30.7% year over year and missed estimates by $2.22 billion. Fourth-quarter GAAP loss of $4.70 per share missed estimates by $3.42 and non-GAAP earnings of 3 cents beat estimates by 1 cent.

Across the board:

  • Tesla (NASDAQ:TSLA) gained 3.93% with news of a recall for 135,000 vehicles due to touch screen issues.
  • Tilray (NASDAQ:TLRY) +22.98%
  • Workday (NASDAQ:WDAY) +8.90%
  • Expedia (NASDAQ:EXPE) +6.94%
  • Morgan Stanley (NYSE:MS) +4.83%
  • Goldman Sachs (NYSE:GS) +4.46%
  • Caterpillar (CAT) +4.34%
  • Global X Cannabis ETF (POTX) +12.63%

Small-cap stocks

In small caps, the Russell 2000 closed at 2,151.44 for a gain of 25.28 points or 1.19%. The S&P 600 closed at 1,212.08 for a gain of 1.83 points or 0.15%. The Dow Jones U.S. Small-Cap Growth Index closed at 15,003.49 for a gain of 251.28 points or 1.70%. The Dow Jones U.S. Small-Cap Value Index closed at 9,545.77 for a gain of 36.90 points or 0.39%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 2,417.44 for a gain of 28.67 points or 1.20%; the S&P 100 at 1,760.96 for a gain of 23.86 points or 1.37%; the Nasdaq 100 at 13,456.12 for a gain of 207.22 points or 1.56%; the Russell 3000 at 2,307.58 for a gain of 33.04 points or 1.45%; the Russell 1000 at 2,167.40 for a gain of 31.44 points or 1.47%; the Wilshire 5000 at 40,300.78 for a gain of 572.15 points or 1.44%; and the Dow Jones U.S. Select Dividend Index at 707.30 for a gain of 7.99 points or 1.14%.

Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.

About the author:

Julie Young

Julie Young is a financial writer with comprehensive experience in the financial services industry. She writes about investments, investment products, financial market news and economic trends. Julie has a Master of Science in finance from Boston College and a Bachelor of Science in finance from the University of Arkansas.

Next Post

Official Website Of Tour De France 2020

Notices. Verizon Media might provide you with notices, including service bulletins and notices concerning adjustments to those Phrases, by, but not limited to, e-mail, common mail, text message or SMS, MMS, push notification or in-app message, postings on the Providers, telephone, or other reasonable means now recognized or hereafter developed. You consent […]