On Tuesday, April 23rd, the U.S. stock markets closed higher, boosted by strong earnings from major companies and interest in key growth stocks.
Tesla launched new EV models and reported lower-than-expected revenue, yet its stock surged 6% after hours.
According to the economic data, the S&P Global composite PMI dropped to 50.9 in April from 52.1 last month. Meanwhile, new single-family home sales rose 8.8% in March to an annualized rate of 693,000, rebounding from a 5.1% drop in February.
Ten of the 11 S&P 500 sectors advanced, with notable gains in the communication services and technology sectors. However, the Materials sector declined.
The Dow Jones Industrial Average gained 0.69% to close at 38,503.69. The S&P 500 rose 1.20%, ending ...