A late burst of buying erased much of an early slide on Wall Street Tuesday.
The S&P 500 managed a gain of 0.1%. The tech-heavy Nasdaq lost 0.5%, having clawed back most of an early drop of as much as 3.9%. Facebook, Disney, Netflix and other communications stocks helped drive the comeback.
Early drops in Big Tech companies like Apple, Amazon and Microsoft moderated as the day went on. Tesla, which joined the S&P 500 at the end of last year, ended down 2.2% after being down as much as 13.4%. Bond yields held near their highest level in a year.
On Tuesday:
The S&P 500 rose 4.87 points, or 0.1%, to 3,881.367.
The Dow Jones Industrial Average rose 15.66 points, or less than 0.1%, to 31,537.35.
The Nasdaq fell 67.85 points, or 0.5%, to 13,465.20.
The Russell 2000 index of smaller companies fell 19.76 points, or 0.9%, to 2,231.31.
For the week:
The S&P 500 is down 25.34 points, or 0.6%.
The Dow is up 43.03 points, or 0.1%.
The Nasdaq is down 409.26 points, or 3%.
The Russell 2000 is down 35.38 points, or 1.6%.
For the year:
The S&P 500 is up 125.30 points, or 3.3%.
The Dow is up 930.87 points, or 3%.
The Nasdaq is up 576.92 points, or 4.5%.
The Russell 2000 is up 256.46 points, or 13%.
Before you consider Tesla, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.
While Tesla currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
