The S&P 500 rose 0.31% to 7,714.52 on Tuesday, extending its recovery for a second consecutive session as easing oil prices and lower Treasury yields helped offset pressure in tech stocks.
December S&P 500 futures traded as high as 7,791.50 and as low as 7,704.50. The session concluded above the day’s midpoint of 7,748.00 at 7,763.00, gaining 28.50 handles from the prior close of 7,734.50.
On Wednesday, market participants can look forward to third-quarter results from Tesla Inc (NASDAQ: TSLA) and Meta Platforms Inc (NASDAQ: META) after the closing bell. Investors will also digest a report from Lam Research Corp (NASDAQ: LRCX) as the earnings calendar brings several major tech companies into focus.
Among the top components of the index, Tesla Inc (NASDAQ: TSLA) emerged as the biggest gainer. The AI and electric vehicle company advanced by $5.65, or 1.54%, to close at $373.71 for the day.
That performance was more than four times the cash index’s advance of 0.34%.
Conversely, the biggest loser ended up being Meta Platforms Inc (NASDAQ: META). For the day, the technology conglomerate declined by $11.19, or 1.59%, to close at $694.25.
