Equities end higher as investors assess earnings, data, tariffs

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The Star 9h ago

Equities end higher as investors assess earnings, data, tariffs - The Star

Quick Summary:

US stocks closed solidly in positive territory on Tuesday, after seesawing between modest gains and losses in choppy trading as investors assessed the latest round of corporate earnings, economic data and changes on the trade policy front.

The blue-chip Dow was led by gains in Honeywell , which jumped 5.4% after reporting a rise in adjusted profit for the first quarter, and paint maker Sherwin-Williams , which rallied 4.8% after its quarterly profit beat estimates.

HSBC became the latest brokerage to trim its year-end target for the S&P 500 index, cutting it to 5,600 from 6,700 earlier.Wells Fargo gained 2.4% after announcing a stock buyback program of up to $40 billion.