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Barchart
Rich Asplund

FORGOTTEN HISTORY: Stocks settle higher on strength in chip makers and boeing | History Defined

Mỹ Boeing SP Donald Trump Dow Jones Nasdaq Kevin Hassett United States Bloomberg Intelligence MongoDB

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up by +0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.39%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.84%.  December E-mini S&P futures (ESZ25) rose +0.21%, and December E-mini Nasdaq futures (NQZ25) rose +0.82%.

Stock indexes rallied on Tuesday, with the S&P 500 and Nasdaq 100 posting 2.5-week highs.  Strength in chip stocks supported gains in the broader market on Tuesday.  Also, some better-than-expected earnings results boosted technology stocks.  MongoDB surged more than +22% after reporting stronger-than-expected Q3 EPS, and Credo Technology Group Holding rose more than +10% after reporting stronger-than-expected Q2 revenue.  In addition, Boeing jumped more than +10% after CFO Malave said he expects positive free cash flow to reach the ”low-single digits” next year.

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