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Dow closes 300 points higher Tuesday as key consumer inflation report looms: Live updates

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U.S. stocks rose Tuesday, after the major averages snapped a three-day decline, as traders awaited key inflation data slated for release later in the week. The Dow surged 0.93%. The S&P 500 rose 0.67%. The Nasdaq gained 0.55%.

are among stocks Harvey expects to see the largest weight decreases as a result of the changes to the index.KeyBanc Capital Markets sees more upside in store for, viewing the stock as one of the best positioned to benefit from booming demand for generative AI servers.

"Delays associated with AMD's MI300 are likely to free up incremental capacity in 2H23, while we believe NVDA has secured enough capacity to quadruple its datacenter revenues in 2024," he added As investors hope the market rally will broaden in the second half of 2023, Harris Financial Group is particularly bullish on the industrials sector.

He added that industrials names, and to a lesser extend consumer staples, will start to see increasing margins as inflation starts to wane.

 

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