U.S. stocks rose as investors focused on earnings of leading companies in the consumer and technology sectors.
The S&P 500 rose 0.3% in Tuesday afternoon trading, recovering from early trading losses.
Walmart was one of the best-performing stocks on Wall Street’s benchmark indexes, with its stock rising 3.7% to a record high. The retailer considered a consumer bellwether reported solid quarterly results, contributing to gains in other grocery groups such as Albertsons, Costco and Kroger.
Target, which we reported on Wednesday, has a lot of exposure to general merchandise. The company’s stock price fell 0.6%.
The Nasdaq Composite Index rose 0.9%, and the Magnificent Seven stocks all rose.
The yield on the 10-year U.S. Treasury note fell 0.03 percentage point to 4.39%, and the yield on the 2-year bond fell 0.01 percentage point to 4.27%.
