US close: Markets finish higher as traders look to tax reform
US equity markets finished in the green on Tuesday as investors dealt with the uncertain legislative future under the Trump administration and eyed more speeches by Fed officials.
Dow Jones I.A.
39,512.84
04:30 15/10/20
Nasdaq 100
18,161.18
12:15 10/05/24
The Dow Jones Industrial Average finished up 0.73% to 20,701.50, the S&P 500 ended 0.73% higher at 2,358.57, and the Nasdaq 100 was 0.61% firmer at 5,407.21.
“While yesterday’s late rebound in US markets was predicated that US lawmakers would be more determined to deliver something tangible on tax reform in order to offset the healthcare failures, anything quick and tangible is likely to remain a remote prospect,” Michael Hewson, chief market analyst at CMC Markets said.
On the data front, the US international trade deficit fell sharply to $64.8bn in February from $68.8bn the month earlier and better than the $66.4bn consensus forecast.
Exports fell just $0.1bn from January, while the value of imported goods decreased $4.2bn.
The S&P/Case-Shiller 20-city house price index rose 5.9% in January from 5.7% the month before and is 31-month high.
In corporate news, CryoPort tanked 42.74% after it announced a share offering as steep discount price.
Darden Restaurants surged 9.31% after the Olive Garden parent’s earnings late on Monday surpassed analysts' expectations.
American Airlines added 2.06% after the carrier said it will make a $200m equity investment in China Southern Airlines.
Amazon rose 1.08% after striking a deal to buy Dubai-based Souq.com, the Middle East's largest online retail and marketplace site, for an undisclosed sum.
McCormick & Co was down 2.89% despite beating first quarter revenue and earnings expectations.
Dow Jones - Risers
Apple Inc. (AAPL) $143.80 2.07%
Goldman Sachs Group Inc. (GS) $229.33 1.71%
Caterpillar Inc. (CAT) $92.95 1.57%
E.I. du Pont de Nemours and Co. (DD) $81.84 1.56%
JP Morgan Chase & Co. (JPM) $88.60 1.56%
American Express Co. (AXP) $78.64 1.34%
Nike Inc. (NKE) $56.62 1.23%
Wal-Mart Stores Inc. (WMT) $70.32 0.95%
Chevron Corp. (CVX) $107.17 0.84%
United Technologies Corp. (UTX) $112.74 0.81%
Dow Jones - Fallers
Johnson & Johnson (JNJ) $125.66 -0.11%
Pfizer Inc. (PFE) $34.16 -0.06%
McDonald's Corp. (MCD) $129.45 -0.03%
Cisco Systems Inc. (CSCO) $34.02 0.09%
Visa Inc. (V) $89.12 0.19%
Home Depot Inc. (HD) $147.20 0.22%
Merck & Co. Inc. (MRK) $63.34 0.24%
Coca-Cola Co. (KO) $42.43 0.26%
Microsoft Corp. (MSFT) $65.29 0.29%
3M Co. (MMM) $190.99 0.29%
S&P 500 - Risers
Darden Restaurants Inc. (DRI) $82.62 9.31%
Red Hat Inc. (RHT) $86.48 5.21%
Chesapeake Energy Corp. (CHK) $5.39 4.46%
GameStop Corp. (GME) $21.72 4.17%
Noble Energy Inc. (NBL) $34.15 3.96%
Murphy Oil Corp. (MUR) $27.26 3.85%
Newfield Exploration Co (NFX) $35.74 3.74%
Hess Corp. (HES) $47.44 3.63%
Navient Corporation (NAVI) $14.50 3.57%
United Continental Holdings Inc. (UAL) $70.71 3.47%
S&P 500 - Fallers
McCormick & Co. (MKC) $98.42 -2.89%
Newmont Mining Corp. (NEM) $32.98 -2.68%
Frontier Communications Co. (FTR) $1.98 -1.98%
Edwards Lifesciences Corp. (EW) $94.39 -1.54%
Ameren Corp. (AEE) $55.30 -1.32%
Vertex Pharmaceuticals Inc. (VRTX) $89.67 -1.24%
Tenet Healthcare Corp. (THC) $18.35 -1.02%
Illumina Inc. (ILMN) $170.81 -0.86%
Constellation Brands Inc. Class A (STZ) $162.44 -0.76%
International Flavors & Fragrances Inc. (IFF) $131.57 -0.76%
Nasdaq 100 - Risers
Tesla Inc (TSLA) $277.45 2.68%
Western Digital Corp. (WDC) $80.56 2.53%
CSX Corp. (CSX) $47.34 2.45%
Apple Inc. (AAPL) $143.80 2.07%
American Airlines Group (AAL) $42.60 2.06%
J.B. Hunt Transport Services Inc. (JBHT) $92.34 1.98%
Liberty Global Plc Lilac Class A (LILA) $22.02 1.90%
Twenty-First Century Fox Inc Class B (FOX) $31.82 1.82%
Twenty-First Century Fox Inc Class A (FOXA) $32.44 1.69%
Fastenal Co. (FAST) $50.88 1.68%
Nasdaq 100 - Fallers
Vertex Pharmaceuticals Inc. (VRTX) $89.67 -1.24%
Liberty Global plc Series A (LBTYA) $35.13 -1.04%
Vodafone Group Plc ADS (VOD) $26.64 -1.00%
Illumina Inc. (ILMN) $170.81 -0.86%
Liberty Global plc Series C (LBTYK) $34.63 -0.72%
Tractor Supply Company (TSCO) $67.97 -0.66%
Gilead Sciences Inc. (GILD) $67.10 -0.59%
Nvidia Corp. (NVDA) $107.69 -0.52%
Paychex Inc. (PAYX) $60.58 -0.51%
Hologic Inc. (HOLX) $42.53 -0.44%