U.S. stock markets experienced gains on Tuesday following reports that numerous companies exceeded profit expectations for the previous year, coupled with a decline in Treasury yields.
The S&P 500 index registered an increase of 0.9%, while global markets exhibited only subdued reactions in light of Donald Trump’s reinstatement as President.
The Dow Jones Industrial Average rose by 1.2%, and the Nasdaq composite posted a 0.6% gain.
Upon his return to the White House, Trump has indicated plans for significant changes in global trade and economic policies, which he suggests may come at the cost of other nations.
However, stock markets across Asia and Europe mostly reflected only slight adjustments.
The closing figures for major U.S. indices on Tuesday were as follows:
– The S&P 500 increased by 52.58 points, or 0.9%, reaching 6,049.24.
– The Dow Jones Industrial Average experienced a rise of 537.98 points, or 1.2%, ending at 44,025.81.
– The Nasdaq composite saw a gain of 126.58 points, or 0.6%, closing at 19,756.78.
– Meanwhile, the Russell 2000 index, which tracks smaller companies, rose by 42.09 points, or 1.8%, to finish at 2,317.97.
Year-to-date performance shows that the S&P 500 has gained 167.61 points, translating to a 2.8% increase.
The Dow has improved by 1,481.59 points, a rise of 3.5%.
The Nasdaq is up 445.99 points, which is a 2.3% increase, and the Russell 2000 has advanced by 87.81 points, equivalent to a 3.9% uptick.