Earnings Drive Stock Market Volatility as GE Climbs; Twitter Acquires Revue
Tuesday continued the stock market's recent choppy performance, with most major benchmarks climbing at the open but then slowly seeing those gains erode as the morning progressed. As of 11:15 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 6 points to 30,966, and the S&P 500 (SNPINDEX: ^GSPC) was down less than a point at 3,855. The Nasdaq Composite (NASDAQINDEX: ^IXIC) managed a modest 15-point advance to 13,651.
As we've seen a lot recently, plenty of stocks moved on very little news. However, we're in the middle of earnings season, and that's driving performance for many companies, including General Electric (NYSE: GE) on Tuesday. Meanwhile, deal-making is also a potential catalyst for gains, and Twitter (NYSE: TWTR) made an announcement that has some investors excited about the social media company's future.
Shares of General Electric were up 4% on Tuesday morning. The company's fourth-quarter financial report reminded investors of just how difficult the past year has been, but it also stoked some enthusiasm among shareholders for GE's prospects in 2021.
Source Fool.com
