Stocks rose higher on Tuesday as Wall Street continued to build on November's current rally. The Dow Jones Industrial Average added nearly 57 points, while the S&P 500 Index and Nasdaq Composite gained 0.3% and 0.9%, respectively.
Here's how the market settled on Tuesday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
The S&P 500 for a seventh consecutive day for the first time since its eight-day win streak notched in November 2021, boosted by falling U.S. Treasury yields and notable gains in technology stocks such as Amazon
Semiconductor stocks like Advanced Micro Devices
On the earnings front, Datadog
"Into the print there was a lot of anxiety about whether Datadog would follow AWS to improving QoQ growth and stable YoY, or demonstrate a worried disconnect and continue to decelerate on a YoY basis," Bernstein Research analysts led by Peter Weed wrote in a Tuesday note. "Datadog emphatically dispelled these worries."
Uber Technologies
"These results demonstrate that Uber continues to drive profitable growth at scale-and why we believe we're well positioned for the journey ahead, in good or bad macro environments," he said.
For the fourth-quarter, Uber expects gross bookings between $36.5 billion and $37.5 billion.
Also making headlines, WeWork
Looking ahead, Goldman Sachs' portfolio strategy research team said in a Tuesday note that the S&P 500 has weaker returns on average in a U.S. presidential election year, as the 2024 election now sits 12 months away. According to Goldman, the average S&P 500 return on election years is only 4% since 1984. More broadly, the S&P has returned an average of 7% during election years and 9% outside of elections since 1932.