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US stocks rise to a record on expectations companies will make even fatter profits
Analysts expect nearly 30% earnings growth as AI demand, corporate beats and easing bond yields support the rally, FactSet said.
- On Tuesday, the Dow Jones Industrial Average climbed 201 points, or 0.4%, while the Nasdaq composite added 0.5% to reach a new all-time high.
- Markets rallied as oil prices dropped 2% to $98.30 per barrel, easing inflation pressure, while the 10-year Treasury yield fell to 5.25% from 5.31% late Monday.
- Constellation Energy jumped 15% on Tuesday following a deal to supply Google with nuclear-scale electricity, while Lamb Weston shares rallied 11.1% after beating profit projections.
- Option Care Health shares soared 33.1% after private investment firm CD&R and healthcare company McKesson announced a roughly $5.8 billion acquisition deal.
- Analysts expect S&P 500 companies to deliver nearly 30% earnings growth, potentially marking a third straight quarter of growth exceeding 25%.
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The major US stock indexes set new records yesterday: the NASDAQ jumped another 0.45 percent and the S&P 500 rose 0.58 percent.
·Vilnius, Lithuania
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The key US equity indices closed up Tuesday's dealings, backed by declining revenues from US Treasury bonds and stable oil prices. The Standard and Poors 500 index climbed by 46.52 points, or 0.60%, to 7820.47 points, and the NASDAC index rose by 127.43 points, or 0.46%, to 27604.74 points.
American stock indices rose on Tuesday, with S&P 500 and Nasdaq updating historical maximums.
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Total News Sources128
Leaning Left22Leaning Right24Center30Last UpdatedBias Distribution39% Center
Bias Distribution
- 39% of the sources are Center
39% Center
L 29%
C 39%
R 32%
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