U.S. stocks jumped Tuesday as traders celebrated big news and deals across the pharmaceutical sector and better than expected economic data:
Markets rose modestly on Monday after investors weighed data from earnings season.
For the fourth straight trading session, U.S. stocks climbed on news that General Electric Co. (NYSE: GE) and Morgan Stanley (NYSE: MS) and other companies beat quarterly expectations.
The Dow Jones today ended up 1.00% to 16,424.65 on U.S. Federal Reserve Chair Janet Yellen’s comments that the U.S. economy was on the rise.
The Dow Jones today gained 89 points to close at 16,262.50. The S&P rose 12 points to close at 1,842.98, and the Nasdaq added 11 points to close at 4,034.16.
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At the closing bell, the Dow Jones Industrial Average fell 143 points to finish at 16,026.75. The Nasdaq dropped 54 points to finish at 3,999.73, while the S&P 500 lost 17 points to end the day at 1,815.69.
Here’s a recap of other major events today.
Markets plunged on Thursday despite positive economic data on unemployment benefits.
Greece will return to the international bond market this month, and other news capsules.
