US close: Stocks close firmer as investors look to Fed meeting
Wall Street trading finished in the green on Tuesday, as investors awaited the outcome of this week's FOMC meeting.
At the close, the Dow Jones Industrial Average was up 0.39% at 36,052.63, as the S&P 500 added 0.37% to 4,630.65 and the Nasdaq Composite advanced 0.34% to 15,649.60.
The Dow closed 138.79 points higher on Tuesday after all three major indices hit fresh intraday highs before closing at records levels in the previous session.
Tuesday’s primary focus was the beginning of the Federal Reserve's potentially market-moving two-day Federal Open Market Committee meeting that kicked off during the day, with the central bank expected to announce that it will soon begin to unwind the $120.0bn monthly bond-buying programme it implemented as a result of the Covid-19 pandemic.
In terms of earnings, Under Armour jumped 13.93% by the closing bell after a third-quarter earnings beat prompted the sportswear retailer to hike its full-year guidance.
Pharmaceutical giant Pfizer added 4.15% after it raised its full-year forecasts, with the group now expecting to see $36.0bn in Covid-19 vaccine sales in 2021.
Ride-hailing outfit Lyft closed down 2.33%, but was 12.86% higher in after-hours action, as it reported earnings after the close.
Also in the corporate space, Tesla shares were 3.03% weaker after the carmaker was said to be recalling 11,700 of its vehicles due to a communications error.
No major data points were slated for publication on Tuesday.
Dow Jones - Risers
Cisco Systems Inc. (CSCO) $57.62 2.71%
Amgen Inc. (AMGN) $214.26 2.13%
Dow Chemical Co. (DOW) $58.47 1.79%
Goldman Sachs Group Inc. (GS) $423.85 1.72%
Johnson & Johnson (JNJ) $165.59 1.58%
Merck & Co. Inc. (MRK) $89.02 1.34%
3M Co. (MMM) $181.97 1.33%
Microsoft Corp. (MSFT) $333.13 1.14%
Procter & Gamble Co. (PG) $144.06 1.00%
Walgreens Boots Alliance, Inc. (WBA) $47.75 0.91%
Dow Jones - Fallers
Visa Inc. (V) $209.14 -1.56%
Boeing Co. (BA) $212.77 -0.84%
Travelers Company Inc. (TRV) $158.82 -0.81%
Verizon Communications Inc. (VZ) $52.57 -0.72%
Chevron Corp. (CVX) $113.83 -0.61%
American Express Co. (AXP) $173.17 -0.60%
McDonald's Corp. (MCD) $249.24 -0.53%
Unitedhealth Group Inc. (UNH) $452.04 -0.46%
Walt Disney Co. (DIS) $169.83 -0.21%
Coca-Cola Co. (KO) $56.10 -0.12%
S&P 500 - Risers
Arista Networks Inc. (ANET) $491.87 20.39%
Under Armour Inc. Class A (UAA) $25.60 16.47%
Under Armour, Inc. (UA) $21.68 13.93%
Macerich Co (MAC) $21.40 13.35%
Ipg Photonics Corp. (IPGP) $177.46 8.62%
Rockwell Automation Inc. (ROK) $343.41 7.35%
Franklin Resources Inc. (BEN) $37.68 7.20%
Simon Property Group Inc. (SPG) $158.99 6.45%
McKesson Corp. (MCK) $218.93 5.21%
Smith A O Corp. (AOS) $78.36 4.90%
S&P 500 - Fallers
Ralph Lauren Corp (RL) $117.13 -9.73%
Leggett & Platt Inc. (LEG) $43.54 -9.48%
Global Payments Inc. (GPN) $132.35 -9.24%
Mosaic Company (MOS) $37.64 -9.21%
Incyte Corp. (INCY) $63.48 -8.46%
Idexx Laboratories Inc. (IDXX) $627.35 -5.87%
Mohawk Inds Inc. (MHK) $174.35 -5.02%
Alliance Data Systems Corp. (ADS) $86.66 -4.65%
Expedia Group Inc. (EXPE) $159.84 -4.42%
Waters Corp. (WAT) $348.88 -4.31%
Nasdaq 100 - Risers
Cisco Systems Inc. (CSCO) $57.62 2.71%
Microchip Technology Inc. (MCHP) $78.77 2.44%
KLA-Tencor Corp. (KLAC) $388.69 2.23%
Nvidia Corp. (NVDA) $264.01 2.22%
Amgen Inc. (AMGN) $214.26 2.13%
Henry Schein Inc. (HSIC) $78.24 2.07%
Xilinx Inc. (XLNX) $188.90 1.89%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $371.86 1.84%
Broadcom Inc. (AVGO) $537.31 1.71%
Analog Devices Inc. (ADI) $177.94 1.69%
Nasdaq 100 - Fallers
Incyte Corp. (INCY) $63.48 -8.46%
Idexx Laboratories Inc. (IDXX) $627.35 -5.87%
Baidu Inc. (BIDU) $162.27 -4.73%
Expedia Group Inc. (EXPE) $159.84 -4.42%
Tesla Inc (TSLA) $1,172.00 -3.03%
Fiserv Inc. (FISV) $99.38 -2.56%
Hologic Inc. (HOLX) $70.91 -2.44%
NetEase Inc. Ads (NTES) $100.29 -2.33%
Wynn Resorts Ltd. (WYNN) $91.55 -2.28%
JD.com, Inc. (JD) $80.70 -2.18%