U.S. stock markets experienced a broad-based rally on Tuesday, with the Nasdaq Composite leading the gains with a 1.5% rise. The S&P 500 followed closely behind, advancing by 1.2%. Market participants eagerly awaited the release of Tesla’s earnings report, which carries significant weight for the S&P 500.
General Electric and General Motors also revealed better-than-expected earnings results. General Motors’ stock price surged by over 4%, indicating renewed investor confidence in the company.
Over the past year, the S&P 500 has demonstrated resilience and long-term growth. Despite a mid-year dip, the index has regained its footing, supported by the $5000 psychological level. The index closed at $5070.56 on Tuesday, April 23, with an increase of 1.21%, signaling the market’s potential for further growth.
