The major U.S. indexes climbed to record highs on Tuesday, the first day of the holiday-shortened trading week. A mostly positive earnings season and improving economic data have buoyed this latest chapter of the Trump rally, which assumes the President’s business-friendly initiatives will lead to greater prosperity in the corporate world. The S&P 500, Dow Jones Industrial Average, and NASDAQ each set new high water marks a little over an hour into trading, and while the gains were slightly reduced around lunchtime in New York, all three regained some momentum as the closing bell neared.
Shares of The Home Depot (HD) were little changed after the world's largest home-improvement retailer announced fiscal fourth-quarter (ended January 29th) results, updated its outlook, and increased its shareholder return initiatives.
Wal-Mart (WMT) announces better-than-anticipated fiscal fourth-quarter sales and earnings, sending shares modestly higher.