Stock Market Today: Earnings Boost Stocks, Bitcoin Price Hits New High

Bitcoin rallied to its highest level since May 2022 amid signs that a spot bitcoin ETF could hit the market sooner rather than later.

Bitcoin logo on cryptocurrency app
(Image credit: Lam Yik/Bloomberg via Getty Images)

Stocks rallied hard Tuesday as investors took in the latest round of corporate earnings. The buying power faded early afternoon but picked up again into the close as market participants looked ahead to quarterly results from several Big Tech firms. 

When the closing bell rang, the Nasdaq Composite was up 0.9% at 13,139, the S&P 500 had gained 0.7% to 4,247, and the Dow Jones Industrial Average was 0.6% higher at 33,141.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.