Dow Jones and S&P 500 rose on Tuesday, Nasdaq closed trading slightly lower
Corporate earnings season shaped the movement of certain stocks
The Dow Jones index rose by 1.02% to 52,495.88 points, while the S&P 500 added 0.28% to reach 7,712.57 points. The Nasdaq Composite declined by 0.02%, closing the session at 26,424.82 points.
Shares of companies heavily investing in artificial intelligence came under pressure. Nvidia and Microsoft stocks fell, and Lam Research saw the most notable decline among major technology companies. At the same time, healthcare sector stocks rose, including those of Moderna, Bristol Myers Squibb, and Eli Lilly.
Equifax and Hasbro reported results better than analysts' expectations. 3M shares rose following an increase in net profit for July–September and an upgraded annual forecast. Tradeweb Markets announced the acquisition of Trumid Holdings for $1.97 billion, while General Motors warned of potential pressure on results due to rising raw material costs and declining demand for trucks.
