Stock Market Today: Momentum Swings the Dow's Way

Many of the Dow Jones' economically sensitive components pushed higher on Tuesday on the back of slightly better COVID-19 data from a few U.S. hotspots.

(Image credit: Getty Images)

A day after California's widespread business closings knocked the major indices down a couple rungs, investors got word of declining daily caseloads of COVID-19 in that state and hard-hit Florida and moved to prop up more cyclical sectors.

Caterpillar (CAT, +4.9%) helped lead the Dow higher Tuesday, and energy stocks such as Exxon Mobil (XOM, +3.3%) and Chevron (CVX, +3.5%) also advanced the cause.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.