Stocks were slightly higher in early trading Tuesday, adding to gains from the day before as technology companies and homebuilders helped push the market higher.
The S&P 500 was up 0.1% as of 10 a.m. Eastern. The Dow Jones Industrial Average was little changed and the Nasdaq was up 0.2%.
Homebuilders were also among the winners in early trading following a report that U.S. home prices jumped in March by the most in more than seven years as an increasing number of would-be buyers compete for a dwindling supply of houses. Pulte Homes, D.R. Horton and Toll Brothers were all up 1% or more in early trading.
Moderna rose 2% after the drugmaker said its COVID-19 vaccine was found to be effective in children aged 12 to 15.
It was relatively quiet in the market on Tuesday, but investors continue to be focused on inflation, particularly if the global economic recovery will be hampered if governments and central banks have to withdraw stimulus to combat rising prices. It's partly why stocks fell the previous two weeks.
Before you consider TWO, 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 TWO wasn't on the list.
While TWO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
