The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.41%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.83%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.88%. March E-mini S&P futures (ESH26) rose +0.42%, and March E-mini Nasdaq futures (NQH26) rose +0.89%.
Stock indexes settled mostly higher on Tuesday, with the S&P 500 posting a new all-time high and the Nasdaq 100 posting a 2.75-month high. Strength in chipmakers and AI infrastructure stocks led the broader market higher on Tuesday, after Micron Technology jumped more than 5% after it said it plans to invest $24 billion in Singapore and expand its memory-chip capacity. Also, strong Q4 corporate earnings results are underpinning stocks. Stocks maintained their gains on Tuesday despite an unexpected decline in the Conference Board’s US Jan consumer confidence index to an 11.5-year low.
