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US Apr 23

4/23/2021

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Stocks rose as markets assessed a collection of company earnings reports after solid economic reports contributed to signs that the economy is gaining traction. 

The dollar dropped.

The majority of the S&P 500's main company's rose, which was led by financial and material shares.

Smaller firms outperformed major indexes, while Tesla and Apple led megacap market returns.
Following their quarterly performance, blue chips Honeywell International, American Express, and Intel weighted on the Dow Jones Industrial Average.

This week's stock market volatility was fueled by a surge in global coronavirus infections and reports that the White House wants to recommend almost double the capital gains tax limit for the rich.
​
Investors have looked at business outlooks and economic statistics, with data revealing that new-home prices in the United States rebounded in March to their highest level since 2006.
Meanwhile, in April, production at factories and service providers hit a new peak.
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