• The Dow Jones moved up by 264.36 points, or 0.8%, to close at 33,180.14
US stocks continued to climb up on Tuesday, trimming losses generated during the early trading session.
The Dow Jones Industrial Average moved up by 264.36 points, or 0.8%, to close at 33,180.14. The S&P 500 rose 0.95% to 4,160.68, and the Nasdaq Composite added 0.94% to 12,175.23.
Tuesday’s gains come despite the fall in retail stocks after Target (NYSE: TGT) announced its plans to work down excess inventory and lowered its guidance from last month. Its shares fell by 2.3%
The 10-year Treasury yield fell back below 3% after it rose 8.2 basis points to 3.037% on Monday.
Market movers
Shares of Walmart (NYSE: WMT) followed Target lower, sliding 1.2%. while Amazon (NASDAQ: AMZN) fell 1.4%.
Shares of Kohl’s Corp. (NYSE: KSS) stock jumped 9.5% after reports of the Franchise Group (NYSE: FRG) planning to buy the department store operator for roughly $8 billion, emerged.
Shares of Apple Inc. (NASDAQ: AAPL) gained 1.8% after the company introduced its new MacBook Air and MacBook Pro models, on Monday.
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