US stocks closed the day on a mixed note on Tuesday, with the Dow Jones finishing 221 points higher but struggling below its 50-day moving average. The S&P 500 and Nasdaq composite also saw gains, albeit modest, while the Russell 2000 surged 1.1%.
Bitcoin jumped nearly 4% to top $96,500, while crude oil fell 1.3%.
The key driver behind Tuesday’s market movement was the Labor Department’s December producer price index (PPI), which rose 0.2% – short of expectations. The core PPI came in at zero and below forecasts for a 0.2% increase.
Meanwhile, some big movers included equipment leaser H&E Equipment more than doubling on news it would be acquired by United Rentals for $4.8 billion, and chip testing stock Aehr Test Systems plummeting after missing fiscal second-quarter estimates.
Despite the mixed session, investors remain optimistic, with the NFIB Small Business Optimism index jumping to 105.1.
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-nvidia-stock-nvda-palantir-pltr