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Stock market today: Live updates
New Jersey

Stock market today: Live updates

Traders work on the floor of the New York Stock Exchange during morning trading on February 23, 2024 in New York City.

Michael M. Santiago |

How long Tuesday’s recovery, which lifted all 11 sectors of the S&P 500, will last remains to be seen. According to Quincy Krosby, chief global strategy strategist at LPL Financial, turbulent times are likely ahead.

“The question now is whether the concerns that sent the market into a sell-off have been addressed,” she said. “There are expected to continue to be areas of volatility as August and September give way to a quieter period of the season. However, it is important to remember that there are always opportunities on the other side of the storm.”

According to Adam Crisafulli, founder of Vital Knowledge, investors may feel some overall optimism heading into the second-quarter earnings season.

“We’ve had some earnings reports come out in the last 12 hours that were a little encouraging,” he said Tuesday on CNBC’s “Closing Bell: Overtime.” “There’s definitely been a slowdown and a slowdown in the economy, but U.S. companies are responding and generating reasonably healthy profits.”

The reporting season continues in earnest on Wednesday with Disney And CVS Health Reporting before the opening bell. Results from Shopify And Novo Nordisk are also on deck.

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