US stock market today: Dow Jones, S&P 500, Nasdaq, Russell 2000 index regain mojo. Check top performing stocks on Tuesday
US stock market today is up and running after days of volatility. Dow Jones Industrial Average finished up 0.8 percent at 38,997.66. The broad-based S&P 500 gained 1.0 percent to 5,240.03, while the tech-rich Nasdaq Composite Index also advanced 1.0 percent to 16,366.85. The Russell 2000 index of smaller companies rose 25.14 points, or 1.2 per cent, to 2,064.30.
Wall Street stocks rebounded Tuesday after three straight days of losses, with analysts pointing to bargain hunting and US bond markets bouncing. The gains in New York also followed a quieter day in most overseas stock markets and came as Caterpillar and Uber reported solid earnings, lifting shares of both companies.
Major indices fell more than 2.5 percent on Monday in a move seen as a reflection of worries about a US recession following Friday's disappointing jobs data.
The reversal in the US equity market came as US Treasury bond yields climbed and as a closely-watched volatility index retreated.
US Market — Top Performing Stocks Today
Among individual companies, Caterpillar gained three percent after reporting better-than-expected profits as strong pricing offset the hit from lower revenues.
Uber surged 10.9 percent as it reported higher profits on a 16-percent rise in revenues to $10.7 billion. Company officials pointed to strong demand from frequent users.
Shares of chipmaking giant Nvidia, which tumbled as much as 10 per cent on Monday, rose more than 6 per cent.
FAQs
Q1. How did Nvidia perform today?
A1. Shares of chipmaking giant Nvidia,
