A good day for stocks Tuesday accompanied good news about corporate profits and a promised expansion in US manufacturing. All the big indexes have recovered from a gloomy Monday.
The Dow Industrial Average was up more than 1,000 points as the day closed, up to 39,197, while the S&P 500 jumped 130 to reach 5,288, and the Nasdaq increased 130 points to 5,288.
And in good news for President Donald Trump, who's been utilizing tariffs in attempts to bring a return of manufacturing capability to the US, Nvidia and other companies said they're working to increase their business capacity in this country. Nvidia said last week it's commissioned more than 1 million square feet of manufacturing space with partners to "build and test" Blackwell chips and AI supercomputers in the Houston and Dallas areas.
Apple also said recently it's pledging $500 billion over four years toward a new "advanced manufacturing" facility in Houston
South Korea's Hyundai Motor Group is pledging a $21 billion investment toward US manufacturing that will take place from 2025 to 2028.
And GE Aerospace, a part of General Electric, says it's splitting itself into three independent company groups early last year. The other two companies that came out of it were GE Vernova and GE HealthCare