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MarketWatchOct 19, 2021
Market Snapshot: S&P 500 rises on good earnings reports despite supply chain disruptions
U.S. stocks climb higher Tuesday afternoon, extending gains after the largest four-day stretch of gains since late July for both the S&P 500 and Nasdaq Composite.

MarketWatch MarketPulseOct 19, 2021
Dow rises tentatively and S&P 500 retakes 4,500 in early Tuesday trade
U.S. stock benchmarks rose Tuesday morning, extending gains after the largest four-day rally since late July for both the S&P 500 and Nasdaq Composite. The Dow Jones Industrial Average was up 0.3% at 35,371, the S&P 500 index climbed 0.3% to 4,501, while the Nasdaq Composite Index advanced 0.3% at 15,072. The positive backdrop for equities comes as good corporate earnings have largely overshadowed worries about supply-chain disruptions. In corporate news, Johnson & Johnson shares rose after the drugmaker said it brought in $502 million in world-wide sales of its COVID-19 vaccine in the third quarter of 2021.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseOct 19, 2021
Tesla price target upped to $900 at B. of A. Securities
Analysts at B. of A. Securities on Tuesday tweaked their price target on Tesla Inc. stock to $900, from $800, ahead of the electric-car maker's third-quarter earnings on Wednesday. That implies an upside around 3.5% over Tuesday's share price. Tesla got a "slight premium" over B. of A.'s expectations to factor in "(Tesla's) track record of growth, consistent capital raises, and overall investor hype," the analysts said in a note. Tesla has gained 23% so far this year, compared with gains around 20% for the S&P 500 index in the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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