London, 06 February 2024
US Stocks Rebound
Tuesday saw a slight increase in US stocks, with the three major averages rising by around 0.2% as investors took a breather following the largest bond sell-off since 2022 the day before and processed new corporate data.
Utilities, consumer discretionary, and consumer staples saw declines, while real estate, materials, and communication services saw the largest advances.
Eli Lilly had a roughly 3% increase as the company exceeded expectations in revenue and earnings. Additionally in the green were Apple (0.4%), Meta (0.7%), and Alphabet (0.8%).
Palantir Technologies, meanwhile, surged almost 22% following a better-than-expected profit forecast. Among the firms scheduled to release their results after the markets close are Gilead Sciences, Amgen, and Ford. Source: Trading Economics // Edited by The Decision Maker - Finance editors