Stocks rose on Tuesday, building on the strong performance from the previous session, on the back of broad market gains and solid economic data.
The S&P 500 gained 0.5% to close at 3,401.20 and the Nasdaq Composite advanced 1.2% to 11,190.32. The Dow Jones Industrial Average closed just above the flatline at 27,995.60 after rising as much as 237 points.
Microsoft jumped 1.6%. Amazon and Alphabet each rose 1.7%. Netflix gained 4.1% and Facebook closed higher by 2.4%. Tesla shares, meanwhile, popped 7.2% after surging more than 12% on Monday. Tuesday marked the second straight solid performance for Big Tech after the group’s sharp sell-off last week, which pressured the broader market.
Other parts of the market participated in Tuesday’s move higher. The S&P 500 real estate and utilities sectors were up 1.4% and 0.7%, respectively. Materials, industrials and health care were also higher.
“The market is doing its best