U.S. stocks closed higher for the second straight session on Tuesday, powered by a tech rally as a batch of solid corporate earnings overshadowed concerns over higher interest rates.
U.S. stocks closed higher on Monday to start the final week of April on a positive note after a tough week of selloffs as investors looked forward to the release of major earnings reports.
The technology stock rout continued in Friday afternoon trading as the S&P 500 and Nasdaq Composite were on track to fall for the sixth-straight session. The Nasdaq Composite was down 2.3% in recent trading, which would be its worst day since Dec. 15, 2022, according to Dow Jones Market Data. The S&P 500 was down 1.1%.