Wall Street see-saws as investors weigh mixed earnings, stimulus prospects

FILE PHOTO: A nearly empty trading floor is seen as preparations are made for the return to trading at the New York Stock Exchange in New York, U.S., May 22, 2020. REUTERS/Brendan McDermid

The S&P 500 remains positive territory year-to-date, up nearly 1%. The Nasdaq has gained more than 18% since Jan. 1, while the Dow remains down almost 6%. The latest figures showed more than 1,000 deaths in the United States from COVID-19 on Tuesday, bringing the total death toll to nearly 142,000. Experts warned that number will rise further due to a surge in new infections.

“Talk of a big stimulus package is sending jitters through the market because of the swelling deficit,” Ghriskey added. “On the other hand stimulus package benefits the economy and we all know this economy needs help during this pandemic.”

This market feels happy, and it's going to stay happy until it doesn't.

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These are the Nasdaq stocks Wall Street thinks can move higher after earnings seasonNew for subscribers: These are the Nasdaq stocks Wall Street thinks can move higher after earnings season Check out CNBCPro for a free trial. Pro How do I block your “free trial” ads? Please help, thanks.
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Banks and energy firms lead stocks higher on Wall StreetStocks on Wall Street closed mostly higher Tuesday despite a late stumble that nearly wiped out the market's gains for the day. elon & tesla really leadin tho
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