Advertisment
The NASDAQ Composite ticked higher Tuesday and hit a new record high as investors readied for key corporate earnings releases, including reports from notable tech names.
The Dow Jones Industrials dropped 154.52 points to greet the closing bell Tuesday at 42,233.05
The S&P 500 index gained 9.4 points to 5,832.92.
The NASDAQ vaulted 145.56 points to 18,712.75.
Alphabet, Snap, Reddit, Chipotle and Advanced Micro Devices are all scheduled to post their quarterly results after the market closes. Tech juggernauts Meta Platforms and Microsoft are slated to report Wednesday, while Apple is up on Thursday.
Ahead of their earnings releases, shares of Meta and Alphabet advanced more than 1% on Tuesday.
This will mark the busiest week of the earnings season with more than 150 S&P 500 companies scheduled to have reported by Friday’s close.
The major averages are coming off a winning session. Notably, the blue-chip Dow broke a five-day losing streak, while the tech-heavy NASDAQ notched its eighth positive session of the last nine.
Prices for the 10-year Treasury zoomed upward Tuesday, weighing yields to 4.26% from Monday’s 4.27%. Treasury prices and yields move in opposite directions.
Oil prices shed 15 cents to $67.23 U.S. a barrel.
Prices for gold sprang up by $29.40 an ounce to $2.785.30 U.S.
