Stocks continued their gains during Tuesday's session as investors bet on the economic reopening ushering in a wave of financial recovery. Yet, pressure is mounting surrounding the level of civil unrest that has taken to the street across the United States against police brutality. Although the initial ease of social restrictions brought on by the coronavirus pandemic had reignited Wall Street, the protests not pose a threat to disrupting more reopening plans and consumer confidence. In addition, the protests also threaten another wave of coronavirus outbreaks as thousands stand close together for long periods of time. Only time will tell if the market has truly met its bottom from March's crash.
Here's how the stock market settled on Tuesday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, big banks--Bank of America
In Stock Sector News, every sector increased during Tuesday's session, as market participants bet that the nationwide protests will not effect the economy. The performance gain were as follows: Energy +2.65%, Materials +1.76%, Industrials +1.29%, Information Technology +0.94%, Financials +0.82%, Real Estate +0.66%, Consumer Discretionary +0.63%, Health Care +0.61%, Utilities +0.60%, Communication Services +0.49% and Consumer Staples +0.20%.
In Commodity and Currency News, July Futures for West Texas Intermediate
As the market moves into mid-week, investors will focus on new economic data including private payrolls and the U.S. services sector report.