Dow Jones rebounds 530 points on healthcare gains and strong earnings
U.S. stocks closed mixed on Tuesday, with the Dow Jones Industrial Average rebounding 529.85 points, or 1.02%, to 52,495.88, driven by gains in healthcare stocks and strong corporate earnings, while the Nasdaq edged lower. The S&P 500 rose 0.28% to 7,712.57, led by healthcare shares hitting record highs, with Eli Lilly providing the biggest boost. Financials, real estate, and utilities also gained, while technology stocks fell 0.3%, dragging the index. Individual movers included 3M up 5.8% on raised profit outlook, Equifax up 11.3% on strong earnings, and Hasbro up 11.2%, while General Motors fell 6.8% on cost pressures. The 10-year Treasury yield was around 5.10%, and Brent crude fell 0.7% to $108.79 per barrel.