The Dow Jones Industrial Average surged over 500 points on Tuesday to close at $52,747, up 1.03%, while the S&P 500 gained 0.21% to reach 7,428.
Strong Q2 earnings and tumbling oil prices fueled a rotation out of semiconductors, contributing to the Nasdaq's decline by 0.22%
Caterpillar was downgraded to Neutral from Outperform at Baird, with its target price slashed to $900
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