U.S. Stocks Experience Notable Gains
As of 2 p.m. ET on Tuesday, U.S. stocks are showing positive gains, with the S&P 500 up 1.1%, the Nasdaq-100 rising 1.6%, and the Dow Jones Industrial Average increasing by 0.6%. This marks the eighth positive trading day for the S&P 500 in the last nine days.
Driving this upward momentum are major tech companies, referred to as the “Magnificent 7,” including Alphabet, Nvidia, and Amazon. These companies significantly impact the Nasdaq-100, accounting for 65% of its weight. In contrast, Goldman Sachs reported better-than-expected first-quarter earnings, contributing 2% to the Dow’s performance, while overall markets are buoyed by a reasonable wholesale inflation report amidst geopolitical tensions.
