Wall Street on Tuesday: US market indices rise; General Motors shares increased by 4.8%

The strong profits from General Motors, Lockheed Martin, and other companies helped US market indices rise on Tuesday. Following the automaker’s quarterly results that exceeded Wall Street projections, General Motors shares increased by 4.8%.

The S&P 500 was up 34.72 points, or 0.69 percent, at 5,045.32, the Nasdaq Composite was up 135.98 points, or 0.88 percent, at 15,587.28, and the Dow Jones Industrial Average was up 152.31 points, or 0.40 percent, at 38,392.29 at 9:49 a.m. ET. The Dow Jones Industrial Average increased by 116.1 points, or 0.30 percent, to 38,356.07 at the opening bell. The Nasdaq Composite increased 74.2 points, or 0.48 percent, to 15,525.55, while the S&P 500 increased 18.3 points, or 0.36 percent, to 5,028.85.

After increasing its predicted earnings for the entire year, GE Aerospace saw a 4.8% increase in shares. Megacap stocks, such as Meta Platforms, Microsoft, and Alphabet, saw increases of 1.1% to 2.3% in their shares.

The additions made by Nvidia, Micron Technology, and Advanced Micro Devices ranged from 1.2% to 1.9%. Budget airline JetBlue’s stock fell 11.8 percent after lowering their predicted yearly revenue.

The 10-year Treasury’s yield dropped to 4.58%. Late on Monday, the yield on the 2-year Treasury note dropped from 4.97 percent to 4.92%. In Shanghai, stocks decreased 0.7%, whereas in Hong Kong, they increased by 1.9%.

Crude oil rates

By 1325 GMT, Brent crude oil futures were down 52 cents, or 0.6%, at $86.48 per barrel. Futures for US West Texas Intermediate crude dropped 50 cents, or 0.6%, to $81.40.

Bullion status

By 9:09 am ET (1309 GMT), spot gold had dropped 0.7% to $2,311.07 per ounce. Spot silver dropped by 0.6% to $27.04.