Tech giant Nvidia and several other companies helped boost U.S. stock indexes on Tuesday, recovering from a morning dip driven by concerns over increased tensions in the Russia-Ukraine conflict.
The S&P 500 experienced a rise of 0.4%. The Nasdaq composite bounced back from an initial drop to climb 1%, while the Dow Jones Industrial Average saw a decline of 0.3%.
Nvidia’s stock surged in anticipation of its quarterly earnings report, which is set to be announced on Wednesday. Market analysts suggest that this upcoming report is one of the most highly awaited events on Wall Street for the remainder of the year. Additionally, Walmart’s shares increased after the company managed to exceed profit estimates, coinciding with a decrease in Treasury yields.
On Tuesday, the market performance was as follows:
– The S&P 500 gained 23.36 points, or 0.4%, finishing at 5,916.98.
– The Dow Jones Industrial Average declined by 120.66 points, or 0.3%, closing at 43,268.94.
– The Nasdaq composite rose by 195.66 points, or 1%, to reach 18,987.47.
– The Russell 2000 index, comprising smaller companies, increased by 18.49 points, or 0.8%, to settle at 2,324.83.
Looking at the weekly numbers:
– The S&P 500 has gained 46.36 points, or 0.8%.
– The Dow is down 176.05 points, or 0.4%.
– The Nasdaq is up by 307.35 points, marking a 1.6% increase.
– The Russell 2000 has risen by 20.99 points, or 0.9%.
For the year to date:
– The S&P 500 is up 1,147.15 points, translating to a 24.1% rise.
– The Dow has increased by 5,579.40 points, or 14.8%.
– The Nasdaq has risen by 3,976.12 points, or 26.5%.
– The Russell 2000 index has seen a gain of 297.75 points, or 14.7%.