Here's what happened to the stock market on Tuesday

by Raphael Stevens 15 September 2020, 20:27 119 Views

Dow Jones Industrial Average rises 2.27 points

U.S. and Chinese data top estimates

The Empire State Manufacturing index came in at 17 for September, rebounding from a print of 3.7 in August. Economists polled by Dow Jones expected the index to come in at 7. Meanwhile, China reported its first retail sales increase for the year. The country’s National Bureau of Statistics said Chinese retail sales rose 0.5% in August.

Tech rises with the rest of the market

Shares of Tesla popped 7%. Facebook, Amazon, Netflix and Alphabet also posted gains. However, other parts of the market participated in Tuesday’s move higher. Real estate, materials, utilities and industrials all rose along with health care.

What happens next?

Source: Finance - cnbc.com

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