S&P 500, Nasdaq 100 Hit Record Highs On Earnings Bets
US stock indices closed higher Tuesday, led by chipmakers and tech stocks, with calmer Treasury yields supporting sentiment due to preliminary earnings updates. Marvell Technology Inc. (MRVL) shares surged after the company provided positive financial outlook.
S. stock indexes finished higher on Tuesday, lifted by strong advances in chipmakers and wider technology names, while steadier Treasury yields also supported sentiment as preliminary earnings updates helped investors. Marvell Technology Inc. (MRVL) shares rose after the chipmaker outlined sharply higher expectations for its business.