S & P 500 rides energy, healthcare, breaks record

© Reuters.

By Yasin Ebrahim – The Dow closed near record highs on Tuesday, and the S & P 500 hit a record high with rising energy and healthcare inventories.

It closed at 35,116.4, up 0.8% (278 points), just below the closing price of 35,144.91. The added 0.8% ended at 4423.15 and the Nasdaq rose 0.6%.

Energy led the wider market higher, driven by a surge of nearly 8% Pioneer Natural Resources (NYSE :) Although slightly below expectations after oil and gas reported quarterly earnings, their capital earnings strategy elicited a positive reaction from Wall Street.

“PXD has fallen far behind its peers, Eog Resources / ConocoPhillips, since the beginning of the year since the acquisition of DP, but a shift in return on equity has the potential to regain relative performance since the beginning of the year. It’s a step in the right direction, “Tudor, Pickering, Holt & Co. Said in a memo.

EOG Resources (NYSE :) and ConocoPhillips (NYSE :) are over 2%.

Industrial also supported a broader market collapse as airline stocks held back losses, despite concerns about the threat of Covid-19’s global travel delta variant.

American Airlines (NASDAQ :) fell 0.5%, but with United Airlines Alaska Airlines (NYSE :) It ended a little low.

On the other hand, on the profit side, various results were obtained every quarter.

Under armor (NYSE :) reported better than expected, lifted guidance for full-year forecasts and raised stock prices by more than 7%.

Alibaba The group (NYSE :) fell 1% after reporting second-quarter revenues above revenues, but revenues were in short supply as e-commerce giants continued to invest in growth opportunities. ..

In health care, Eli Lilly and Company (NYSE :) saw $ 1.87 revenue slightly lower than expected, but $ 6.74 billion revenue was higher than expected, up nearly 4% after reporting.

With the exception of Facebook, technology for large caps continued to rise.

Apple (NASDAQ :), Microsoft (NASDAQ :), Alphabet (NASDAQ :), (NASDAQ :) were high, and Facebook (NASDAQ :) was in the red.

In other news, Robinhood Market (NASDAQ :) ARK Invest’s Cathie Wood is understood to have bought the company’s stock, so it surged 24% to surpass the initial public offering price of $ 38 for the first time.

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S & P 500 rides energy, healthcare, breaks record

Source link S & P 500 rides energy, healthcare, breaks record

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