The stock market held strong gains in afternoon trading Tuesday. Several stocks in the Dow Jones today were up 3% or more today, including Johnson & Johnson (JNJ), which reported strong earnings. Other top gainers in the Dow Jones included Walt Disney (DIS), Nike (NKE) and Boeing ((BA)).
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Money flowed out of bonds again, sending the 10-year Treasury yield higher by 4 basis points to 2.90%. The bond market continues to price in aggressive rates by the Federal Reserve this year.
The Dow Jones Industrial Average was up 1.2%, and the S&P 500 rallied 1.3%. Volume on the Nasdaq and NYSE was a tad higher compared to the same time Monday.
Top gainers in the S&P 500 included financial stocks like Citizens Financial (CFG) and Signature Bank (SBNY), but both stocks are still on downtrends below their 200-day moving averages.
Outside The Dow Jones
The Nasdaq composite and Nasdaq 100 were up about 1.8% each.
Switch (SWCH) was an outsized gainer in the technology sector, up more than 3%….
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Dow Today, Dow Jones Today
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2022-04-19 17:38:00
