Stocks climb for third straight day as investors await inflation data
U.S. stocks turned positive in the afternoon session, after trading lower most of the day. Belpointe chief strategist David Nelson discusses what's affecting the price swings in the markets.
Stocks rallied for a third consecutive day Tuesday after swinging between gains and losses, as traders anxiously waited for a new report on U.S. inflation.
The Dow Jones Industrial Average climbed 39.18 points, or 0.16%, to 24,640.45. The S&P 500 added 6.94 points, or 0.26%, to 2,662.94. The Nasdaq Composite was up 31.55 points, or 0.45%, at 7,013.51.
Stocks were lower in midday trading, but the market turned higher while President Trump hosted a White House meeting with lawmakers to discuss trade and other issues. The CBOE Volatility Index, Wall Street's "fear gauge? and a measure of expected market swings, slipped below 25 after hitting a 52-week high of around 50 last week.
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