Wall Street rallies to records after oil prices ease and corporate profits keep topping expectations
The U.S. stock market rose to records on Tuesday as oil prices eased and companies reported stronger-than-expected profits for the start of the year. The S&P 500 climbed 0.8% to top its prior all-time high, with the Dow Jones Industrial Average and Nasdaq composite also setting records.
The U.S. stock market rose to records on Tuesday after oil prices eased and companies reported stronger-than-expected profits. The S&P 500 climbed 0.8% to 7,259.22, topping its prior all-time high. The Dow Jones Industrial Average added 356.35 points to 49,298.25, and the Nasdaq composite rallied 1% to 25,326.13. Oil prices fell 4% to $109.87 after briefly cresting $115 on Monday. DuPont's stock rallied 8.4% after the company reported better-than-expected profits and raised its forecasts for the full year. Other companies, including American Electric Power Co. and Pinterest, also reported strong results, helping to drive the market higher. In contrast, Palantir Technologies fell 6.9% despite reporting stronger results than expected.
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