Stocks traded higher on Tuesday following a broad market rally after the Food and Drug Administration granted full approval for Pfizer
Beyond the broader market, meme stocks led a monsterous rally on Tuesday, with GameStop
Here's how the market settled Tuesday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
Microsoft to launch cloud gaming service on Xbox consoles later this year:
Microsoft
The new service will arrive on Microsoft's new Xbox Series X and Xbox Series S consoles, as well as the Xbox One, this holiday season through its Xbox Game Pass, a subscription service that gives players access to over 100 game titles for about $15 a month.
New home sales rise in July:
New home sales rose by a rate of 1.0% in July compared to June, according to the Commerce Department's report published Tuesday, bringing sales to a seasonally adjusted annual rate of 708,000.
Sales in June were also upwardly revised to a seasonally adjusted annualized rate of 701,000, from the 676,000 previously reported.
Peloton to begin selling Tread again after safety recall:
Peloton
"We've worked hard to make sure the new Tread truly earns its spot in Members' homes," Peloton CEO and co-founder John Foley said in a press release. "We'll always continue to innovate our hardware, software and safety features to live up to our commitment to Member safety and to improving the full Member experience."
Here's how market benchmarks started trading after opening bell:
S&P 500 Index: +0.11% or +4.86 points to 4,484.40
Dow Jones Industrial Average: +0.13% or +47.01 points to 35,382.72
Nasdaq Composite Index: +0.24% or +35.49 points to 14,978.14