Title: S&P 500, Dow and Nasdaq Close Higher on Tuesday
The U.S. stock market closed higher on Tuesday as investors continued to digest economic data and corporate earnings news. The S&P 500 gained 0.79% to close at 5,636.39, the Dow 30 rose 1.06% to finish at 41,526.26, and the Nasdaq added 1.00% to end at 17,731.88.
Market participants are closely watching economic data releases, such as the ISM manufacturing PMI, which came in at 59.1 in November, slightly higher than the consensus estimate of 58.6. The employment component also remained in expansionary territory, suggesting that the labor market remains tight and could contribute to future inflationary pressures.
In addition to economic data, investors are also keeping an eye on corporate earnings news. Affirm Holdings (AFRM) and Nutanix (NTNX) were among the top gainers on the S&P 500, with AFRM up 33.41% and NTNX gaining 19.98%.
On the other side of the ledger, Dollar General Corporation (DG) was one of the top losers, falling 29.76% after reporting a lower-than-expected earnings forecast for the holiday quarter. Other notable decliners included Okta (OKTA), Pure Storage (PSTG), and Dollar Tree (DLTR).
Overall, the market's performance on Tuesday reflects cautious optimism among investors as they weigh economic data, corporate earnings, and ongoing discussions around the federal government's infrastructure bill and potential spending deal.