US stocks hovered near record highs on Tuesday as investors awaited earnings reports from tech giants. The S&P 500 hit an intraday all-time peak in early trading.
Microsoft is slated to report fiscal second-quarter results when the market closes. Apple and Tesla will report figures on Wednesday. Retail traders continued to bid up GameStop, BlackBerry, and other favorites through volatile, Reddit-fueled momentum trades.US equities gained on Tuesday as investors awaited a slew of earnings reports from large-cap companies. The benchark S&P 500 hit an intraday all-time peak in early trading.
Market volatility lingered following a choppy Monday session. Tech names dragged slightly on the Nasdaq composite after leading gains to start the week.Sentiments were somewhat pared as hopes for swift stimulus passage under President Joe Biden faded. The president said Monday he's willing to negotiate with Republicans on the package, yet GOP members have largely balked at his plan's $1.9 trillion price tag.
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