Peloton’s Tread+ treadmill has been blamed for the death of one child and injuries to dozens more. The company says it won’t recall the machine.The S&P 500 rose 38.48 points to 4,173.42. The Dow Jones industrial average gained 316.01 points, or 0.9%, to 34,137.31. Both the S&P 500 and Dow hit all-time highs Friday. The technology-heavy Nasdaq added 163.95 points, or 1.2%, to 13,950.22.
The Russell 2000 index of smaller company stocks, which has been outpacing the broader market all year, led the way higher, climbing 51.42 points, or 2.3%, to 2,239.63.Much of the market’s focus over the next two weeks will be on individual companies and how well their quarterly results turn out. This week roughly 80 members of the S&P 500 are due to report results, as well as 1 in 3 members of the Dow.
Healthcare stocks helped lead the broader market higher after several companies reported solid financial results. Surgical device maker Intuitive Surgical rose 9.9% after handily beating analysts’ first-quarter forecasts. Medical device maker Edwards Lifesciences rose 6.3% after also reporting strong financial results.slumped 7.4% for the biggest decline in the S&P 500.
Investors are looking to justify the market’s advance this year, despite the lingering pandemic and higher-than-normal unemployment. There are also signs of COVID infections increasing outside the U.S. in major economies such as
Keep it up! 👍
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street closes lower as virus spike hits travel stocksStocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travel-related shares and investors had second thoughts about big U.S. banks' apparently stellar earnings last week.
Source: Reuters - 🏆 2. / 97 Read more »
Stocks close lower on Wall Street, led by tech and banksStocks fell for the second straight day Tuesday, giving up more of their recent gains as Wall Street shifts its focus on a busy week of corporate earnings reports.
Source: latimes - 🏆 11. / 82 Read more »
These stocks are Wall Street analysts’ favorites – and they’re on discount as the market fallsNew for subscribers: What to buy amid the market drop. These are the favorite stocks of Wall Street analysts. Check out CNBCPro today.
Source: CNBC - 🏆 12. / 72 Read more »
How meme stocks like Gamestop and AMC changed Wall StreetThe GameStop frenzy in late January forced Wall Street to pay attention to retail investors like never before. Kr00ney TechCheck Where is the wolf of wall street now to serve that market? Kr00ney TechCheck I don't know ANYONE who sold $gme or $amc this week Who in their right mind isn't HODLing at least ONE🚀ticket? GME is $150 AMC is $10 A $160 HEDGE against someone with an INFINITE RISK potential, seems like a SAFE investment strategy to me GME YTD looks 🐻 Kr00ney TechCheck AMC! AMC! AMC! AMC! AMC! AMC! AMC! $AMC! 💎🙌
Source: CNBC - 🏆 12. / 72 Read more »
20 cybersecurity stocks Wall Street believes can rise up to 79% over the next yearThe ransomware attack on Colonial Pipeline Co. highlights an obvious area for growth in the technology sector. WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders! Hedge Funds are selling in preparation to StockMarket crash!
Source: MarketWatch - 🏆 3. / 97 Read more »