U.S. stocks ended Tuesday's whirlwind of a trading session higher than Monday's plummeting lows as investor hope increased following President Donald Trump announcing economic stimulus proposals.
Trump also lambasted the U.S. Federal Reserve again on Twitter (NYSE: TWTR) Tuesday, tweeting: "Our pathetic, slow moving Federal Reserve, headed by Jay Powell, who raised rates too fast and lowered too late, should get out Fed Rate down to the levels of our competitor nations. They now have as much as a two point advantage, with even bigger currency help. Also, stimulate!"
Here's how the market closed Tuesday:
S&P 500 Index (NYSE: SPY): +4.93% or +135.28 points to 2,881.84
Dow Jones Industrial Average (NYSE: DIA): +4.88% or +1,164.89 points to 25,015.91
Nasdaq Composite Index (NASDAQ: QQQ): +4.95% or +393.58 points to 8,344.25
In Major Stock News, Cruise stocks--Royal Caribbean (NYSE: RCL), Carnival (NYSE: CCL) and Norwegian Cruise Line (NYSE: NCLH)--rose Tuesday after trading lower in early market. Shares of Stitch Fix (NASDAQ: SFIX) dropped after the personal styling company issued a lower outlook and a missed quarterly revenue. American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) have cut more flights into the summer travel season due to lack of demand. Dick's Sporting Goods (NYSE: DKS) announced that it will stop selling guns in over 400 locations, causing the stock to rise.
In Stock Sector News, all sectors were flashing green today as investors rushed back into the market. The performance gains were as follows: Information Technology +6.60%, Financials +6.04%, Consumer Discretionary +5.38%, Industrials +5.22%, Energy +5%, Real Estate +4.99%, Communication Services +4.53%, Materials +3.93%, Health Care +3.47%, Consumer Staples +2.93% and Utilities +1.01%.
Lastly, in Commodity and Currency News, crude oil prices lead a massive rally with West Texas Intermediate (NYSE: USO) gaining +15% and Brent Crude (NYSE: BNO) increasing +13%. Barrel prices are still in the range of $35-$40. Gold (NYSE: GLD) prices took a slight drop, with the metal's ounce price decreasing -1.45%. Finally, the U.S. Dollar (NYSE: UUP) gained back some relative strength, with the DXY Index rebounding +1.49%.