Dow Rockets Over 700 Points as Pfizer Exceeds Earnings Expectations

The Dow Jones index made significant gains on Tuesday, surging over 700 points to close at 53,895.93.

This increase marks a 1.35% rise in the Dow's value, while the NASDAQ rose 1.09% to 26,196.71 and the S&P 500 gained 0.57% to 7,643.66.

The information technology sector led the way, with shares jumping by 2.4%, whereas energy stocks fell by 2.5%

Pfizer Inc reported better-than-expected earnings for the second quarter, beating analyst consensus estimates of $69 cents per share with a quarterly profit of $77 cents per share.