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Barchart
Barchart
Rich Asplund

MYSTERIOUS: Stocks settle higher as megacap tech stocks rally - You Need To See This

The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.92%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.59%.  March E-mini S&P futures (ESH25) are up by +0.75%, and March E-mini Nasdaq futures (NQH25) are up by +1.46%. 

Stocks rallied Tuesday, with the Dow Jones Industrials posting a 7-week high.  Strength in megacap technology stocks and software companies lifted the broader market Tuesday as they recovered some of Monday’s sharp selloff.  Also, some positive earnings results boosted stocks, with Royal Caribbean Cruises Ltd closing up +12% after forecasting full-year adjusted EPS above consensus.  Also, Invesco Ltd closed up more than +8% after reporting better-than-expected Q4 operating revenue.

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