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.
ast week, the S&P 500 had its best week since July 2013.
Markets rebounded from a sharp tech sell-off with support from strong earnings in banking, retail, and Internet stocks.
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.
Further developments out of Ukraine could weigh heavily on the markets today. That said, it’s a busy day for earnings, so let’s get to the five stories you need to know to make your day profitable.
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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U.S. stock futures were weak this morning as Wall Street looks to looming tensions in Ukraine and worse-than-expected Chinese data.
The Dow Jones Industrial Average rose 146 points on Monday to finish at 16,173.24. The Nasdaq increased by 22 points to finish at 4,022.69, while the S&P 500 added 14 points to end the day at 1,830.61.
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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.
First, Bitcoin dipped below the $400 threshold on Thursday on growing concerns about forthcoming Chinese regulation.