U.S. stocks moved higher Tuesday as investors awaited scheduled remarks from Federal Reserve officials for clues on the U.S. central bank...

Stock market news live updates: Stocks rise ahead of more Fedspeak



U.S. stocks moved higher Tuesday as investors awaited scheduled remarks from Federal Reserve officials for clues on the U.S. central bank's path forward for interest rates.

The S&P 500 (^GSPC) nudged up 0.4%, while the Dow Jones Industrial Average (^DJI) advanced by 175 points, or about 0.5%. The technology-heavy Nasdaq Composite (^IXIC) added a modest 0.1%.

U.S. stocks moved higher Tuesday as investors awaited scheduled remarks from Federal Reserve officials for clues on the U.S. central bank's path forward for interest rates.

The S&P 500 (^GSPC) nudged up 0.4%, while the Dow Jones Industrial Average (^DJI) advanced by 175 points, or about 0.5%. The technology-heavy Nasdaq Composite (^IXIC) added a modest 0.1%.

On the corporate side, shares of Zoom Video Communications (ZM) dropped nearly 8% after the the video-conferencing platform trimmed its annual revenue outlook and projected further challenges posed by waning demand for online meetings.

A steep climb in COVID cases across China has set off a wave of new restrictions for the world's largest economy just weeks after investors cheered the end of aggressive lockdowns in the country.

‘’The specter of COVID is still hovering over the Chinese economy, threatening to cause fresh snarl ups for supply chains and demand for goods,” Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown said in a note Tuesday.
The S&P 500 has started the holiday-shortened Thanksgiving week lower compared to previous years. According to data from Bespoke Investment Group, the Monday of Thanksgiving week has historically seen the index trade slightly lower, with a decline of 0.01%. In years when the index has been down 10% year-to-date or more, like in 2022, performance has been more positive, with an average 0.37% gain.