Category

Stocks

Category

The overall trend in the stock market’s broader indexes remains bullish. While the indexes were trading lower on Tuesday morning, they rebounded and ended the day relatively flat. The S&P 500 ($SPX) and Dow ($INDU) closed slightly lower, and the Nasdaq Composite ($COMPQ) closed a little higher. Consumer Staples Sector Leads Philip Morris International (PM) reported better-than-expected earnings, which increased the stock by 10.46% on Tuesday, making it the top performer in the S&P 500 (see MarketCarpet below). Walmart (WMT) was another stock that helped the Consumer Staples sector secure the top spot in Tuesday’s S&P 500 sector performance. WMT is the heaviest-weighted stock in the Consumer Staples sector, and it closed up by 1.51%, notching an all-time high. FIGURE 1. MARKETCARPET FOR OCTOBER 22. Consumer Staples was the best-performing sector, mainly due to strong earnings from Phillip Morris.Image source: StockCharts.com. For educational purposes. It’s worth viewing a daily chart…