U.S. stocks closed higher on Tuesday, extending recent session’s gains. All three major stock indices recorded gains for the third session in a row.
After the closing bell on Tuesday, shares of Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOG) dropped around 6.7% each following the release of quarterly earnings.
The Nasdaq 100 jumped 2.10% to close at 11,669.99 on Tuesday amid gains in Apple Inc (NASDAQ:AAPL) and Microsoft Corporation (NASDAQ:MSFT) shares, while the S&P 500 surged 1.63%. The Dow Jones jumped around 337 points to settle at 31,836.74 in the previous session.
Investors are awaiting earnings results from The Boeing Company (NYSE:BA), Meta Platforms, Inc. (NASDAQ:META), Ford Motor Company (NYSE:F), and General Dynamics Corporation (NYSE:GD).
Majority of the sectors on the S&P 500 closed on a positive note, with real estate and materials stocks recording the biggest surge on Tuesday. However, energy stocks bucked the overall market trend, falling around 0.1% in the previous session.
The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) fell 4.7% to 28.46 points.
What is CBOE Volatility Index?
The CBOE Volatility Index, popularly known as VIX, is a measure of the equity market’s expectation of volatility based on S&P 500 index call and put options.
