S&P 500 Gains and Losses Today: Auto Parts Provider LKQ Sinks Amid Soft Demand [Video]

Major U.S. equities indexes moved higher for the second consecutive day, extending their recovery from last week’s losses.

The communication services and technology sectors led stocks higher in anticipation of earnings reports from several tech giants throughout the remainder of the week.

The S&P 500 was up 1.2% on Tuesday. Optimism ahead of big tech earnings helped lift the Nasdaq, which closed the day 1.6% higher, while the Dow posted a gain of 0.7%.

Globe Life (GL) shares notched the S&P 500’s top performance, soaring 14.2% after the insurer reported its financial results for the first quarter of 2024. Despite falling slightly short of forecasts, net operating income increased year over year. Globe Life remains the subject of a federal probe into fraud allegations, and the daily gains mark only a partial recovery from heavy losses posted last week after short seller Fuzzy Panda said it had bet against the stock.

Shares of GE Aerospace …