Advertisment
The S&P 500 rose to a fresh all-time intraday high on Tuesday, aided by gains in Big Tech, as traders awaited earnings from companies in the sector. Traders also looked ahead to the Federal Reserve’s first policy meeting, due Wednesday.
The Dow Jones Industrials withered 487.38 points, or 1%, to 48,925.02
The much-broader index picked up 27.95 points to 6,978.18.
The NASDAQ hiked 213.28 points to 23,814.64, due largely to an 18% drop in UnitedHealth.
Apple advanced more than 2%, while Microsoft advanced more than 1%. More than 90 S&P 500 will have reported earnings by the end of the week. Meta Platforms and Microsoft, as well as fellow “Magnificent Seven” giant Tesla, are all due Wednesday. Apple will share its results on Thursday.
Shares of several big-name health insurers were among the laggards Tuesday, plunging after the Centers for Medicare & Medicaid Services proposed raising payments to Medicare Advantage insurers by a net average of just 0.09% in 2027. Shares of Humana slid 20%, while CVS Health lost 13%.
Prices for the 10-year Treasury stayed put, keeping yields at 4.22%.
Oil prices gained $1.36 to $61.99 U.S. a barrel.
Gold prices regained a dollar to $5,083.60
