U.S. Stocks Close Higher

U.S. stocks rose on Tuesday after switching direction multiple times during the session, as investors tracked the price of oil and fourth-quarter earnings from corporations including Johnson & Johnson.

“To some extent, investors feel adrift. They took a measure of assurance from the Federal Reserve’s guarantee through quantitative easing, and now that that’s gone, there are a lot more agitated about the underlying dynamics,” Bruce McCain, chief investment strategist at Key Private Bank, said of the market’s volatility.

Johnson & Johnson fell after the health-products supplier reported international sales fell about 7 percent in the fourth quarter; Halliburton rose after the oilfield-services supplier reported a quarterly profit that beat estimates ; Delta Air Lines climbed after the carrier posted earnings above estimates; Morgan Stanley dropped after the brokerage tallied earnings below expectations, and FXCM slid after the currency brokerage detailed its rescue loan from Leucadia National.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.