Stock market today: Stocks rise as China announces stimulus package

• S&P 500 Futures: 5,702.50 ⬆️ up 1.09%
• S&P 500: 5,718.57 ⬆️ up 0.28%
• Nasdaq Composite: 17,974.27 ⬆️ up 0.14%
• Dow Jones Industrial Average: 42,124.65 ⬆️ 0.15%
• STOXX Europe 600: 520.51 ⬆️ up 0.81%
• Nikkei 225: 37,940.59 ⬆️ up 0.57%
• Composite SSE Index 2,863.13 ⬆️ up 4.15%
• Bitcoin: $63,365.30 ⬇️ down 0.01%

China: stimulus program

Chinese shares rose sharply in trading today as the People’s Republic of China’s central bank unveiled a broad package of stimulus initiatives aimed at reviving the world’s second-largest economy, particularly the housing market.

Europe: eyes on China

European shares rose on Tuesday as investors interpreted China’s stimulus measures as positive for the region, particularly Germany’s lagging economy.

Japan: More spreads in China

The Nikkei 225 followed shares in China, gaining 0.57 percent on optimism over Beijing’s stimulus package.

The Dow and S&P 500 hit new highs—barely—and continue to rise

On Monday, the Dow added 0.15% and the S&P 500 added 0.28% to all-time highs set on Friday, while the tech-heavy Nasdaq rose slightly (0.14%), led by Tesla. Elon Musk’s electric vehicle maker jumped 4.9 percent on optimism about future earnings, making up for all the steep losses it suffered in early 2024.

S&P 500 futures move higher

All three U.S. indexes rose slightly in premarket trading on Tuesday as China’s optimism spread to the rest of the world.