US close: Nasdaq rallies on falling bond yields

Wall Street stocks closed firmly in the green on Tuesday following a mixed session for major indices a day earlier.

At the close, the Dow Jones futures Industrial Average was up 0.10% at 31,832.74, while the S&P 500 was 1.42% firmer at 3,875.44 and the Nasdaq Composite saw out the session 3.69% stronger at 13,073.82.

The Dow Jones closed 20.20 points higher on Tuesday, extending gains recorded in the prior session, while the tech-heavy Nasdaq surged more than 460 points.

Tech stocks bounced back from heavy losses recorded over the last few sessions on Tuesday as the yield on the 10-year Treasury note fell to 1.59% after trading as high as 1.62% on Monday.

News that the US Senate had passed a $1.9trn economic relief and stimulus package, set to include another round of stimulus checks to everyday Americans, also continued to give a boost to stocks reliant on an economic reopening - with banks, airlines, cruise lines and retailers all benefitting from expectations that President Joe Biden will sign the bill into law by 14 March.

On the macro front, the National Federation of Independent Business' small business optimism index rose by 0.8 points in February to 95.8 but remained below the 98 average and pre-pandemic levels.

Dow Jones - Risers

Intel Corp. (INTC) $62.67 4.71%
Apple Inc. (AAPL) $121.08 4.06%
Boeing Co. (BA) $230.61 2.94%
Microsoft Corp. (MSFT) $233.78 2.81%
Home Depot Inc. (HD) $264.96 2.29%
Salesforce.Com Inc. (CRM) $211.53 1.83%
Nike Inc. (NKE) $135.95 1.03%
Cisco Systems Inc. (CSCO) $47.89 0.80%
Walmart Inc. (WMT) $128.89 0.79%
Amgen Inc. (AMGN) $228.99 0.52%

Dow Jones - Fallers

Walt Disney Co. (DIS) $194.51 -3.67%
American Express Co. (AXP) $145.10 -3.44%
Caterpillar Inc. (CAT) $216.80 -2.16%
Dow Chemical Co. (DOW) $62.26 -1.86%
Coca-Cola Co. (KO) $50.86 -1.51%
3M Co. (MMM) $181.18 -1.41%
Travelers Company Inc. (TRV) $153.82 -1.24%
Goldman Sachs Group Inc. (GS) $330.59 -1.08%
Verizon Communications Inc. (VZ) $56.20 -1.04%
Procter & Gamble Co. (PG) $126.18 -0.89%

S&P 500 - Risers

Coty Inc. Class A (COTY) $8.53 9.22%
Lam Research Corp. (LRCX) $543.51 8.14%
Applied Materials Inc. (AMAT) $114.22 8.08%
Nvidia Corp. (NVDA) $500.81 8.00%
KLA-Tencor Corp. (KLAC) $294.10 7.32%
Xilinx Inc. (XLNX) $120.28 7.31%
Skyworks Solutions Inc. (SWKS) $172.41 6.95%
Chipotle Mexican Grill Inc. (CMG) $1,427.61 6.94%
Paypal Holdings Inc (PYPL) $241.76 6.93%
Microchip Technology Inc. (MCHP) $145.46 6.37%

S&P 500 - Fallers

Apache Corp. (APA) $21.60 -6.78%
Discovery Inc. Class A (DISCA) $63.01 -6.30%
Cimarex Energy Co (XEC) $64.45 -5.42%
National Oilwell Varco Inc. (NOV) $16.12 -5.34%
Hanesbrands Inc. (HBI) $19.79 -5.22%
Valero Energy Corp. (VLO) $76.58 -4.94%
FMC Technologies Inc. (FTI) $8.67 -4.52%
HollyFrontier Corp (HFC) $38.81 -4.48%
Hess Corp. (HES) $70.50 -4.45%
Mattel Inc. (MAT) $19.67 -4.00%

Nasdaq 100 - Risers

Tesla Inc (TSLA) $673.58 19.64%
Baidu Inc. (BIDU) $264.28 13.58%
NetEase Inc. Ads (NTES) $110.68 8.42%
Lam Research Corp. (LRCX) $543.51 8.14%
Applied Materials Inc. (AMAT) $114.22 8.08%
Nvidia Corp. (NVDA) $500.81 8.00%
Asml Holdings N.V. (ASML) $539.52 7.43%
KLA-Tencor Corp. (KLAC) $294.10 7.32%
Xilinx Inc. (XLNX) $120.28 7.31%
Skyworks Solutions Inc. (SWKS) $172.41 6.95%

Nasdaq 100 - Fallers

DENTSPLY Sirona Inc. (XRAY) $59.86 -3.30%
Marriott International - Class A (MAR) $147.00 -2.29%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $339.05 -1.94%
O'Reilly Automotive Inc. (ORLY) $464.92 -1.69%
Hasbro Inc (HAS) $95.82 -1.51%
Biogen Inc (BIIB) $266.49 -1.30%
Expedia Group Inc. (EXPE) $165.77 -1.27%
Dish Network Corp. (DISH) $34.43 -1.15%
Gilead Sciences Inc. (GILD) $64.33 -0.65%
T-Mobile Us, Inc. (TMUS) $126.31 -0.59%