U.S. stocks closed higher Tuesday, shaking off earlier weakness to end near the session's high. The Dow Jones Industrial Average gained about 187 points, or 0.6%, ending near 33,705:
U.S. stocks closed higher Tuesday, shaking off earlier weakness to end near the session's high, while extending a modest advance in the first two weeks of 2023. The Dow Jones Industrial Average DJIA, +0.56% gained about 187 points, or 0.6%, ending near 33,705, slightly below the session's high. The S&P 500 index SPX, +0.70% advanced 0.7% and the rate-sensitive Nasdaq Composite Index COMP, +1.01% closed up 1%, according to FactSet.
While investors didn't hear much from Federal Reserve Chairman Powell, who was speaking Tuesday from Sweden, on the central bank's next likely policy steps, stock-market bulls hoping for a soft landing for the economy were able to add to modest gains so far in January. Investors will be tuned into a monthly update on inflation on Thursday from the consumer-price index, which in recent months has shown a retreat from a peak annual rate above 9% this summer.
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