Dow, S&P 500 climb as upbeat results from Walmart, others boost optimism

Published by
Reuters

By Caroline Valetkevitch NEW YORK (Reuters) – The Dow and S&P 500 rose on Tuesday as stronger-than-expected results and outlooks from Walmart and Home Depot bolstered views on the health of consumers, while technology shares declined and weighed on the Nasdaq. The S&P 500 consumer discretionary and staples sectors gave the benchmark index its biggest lift, while the S&P 500 retail index rose 1.9%. The S&P 500 also came close to breaking above its 200-day moving average, a key technical level. The benchmark index has not closed above that level since early April. Walmart Inc shares jumped 5.1% …

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