S&P and Nasdaq Hit New Highs
Stocks in the US were higher on Tuesday, with the S&P 500 rising 0.2% and the Nasdaq gaining 0.3% to hit fresh record levels while the Dow Jones added nearly 100 points.
Traders await fresh market catalysts including comments from several Fed officials due today, while the political stalemate in Washington continued. Funding proposals from both Democrats and Republicans failed to pass for a fifth time on Monday, extending the federal government shutdown into its seventh consecutive day. Financials were the top performing sector while consumer discretionary lagged.
Visa (1.1%) and Netflix (1.9%) booked strong gains, AMD was up 6.5% extending a 23.7% surge the day before, and IBM jumped 3% after announcing a partnership with Anthropic.
On the other hand, Tesla lost 1.4% ahead of an event where it is expected to unveil a more affordable version of Model Y SUV.
Source : Tradingeconomics.com