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US Stocks Rally Amid Tech Sector Gains

Guavy AI Editorial Team
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MCD
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The US stock market experienced an uptick in trading on Tuesday, driven by gains in the technology sector. The Nasdaq Composite rose over 2% to 26,490.24, while the Dow traded up 1.79% to 54,129.35.

The S&P 500 also saw a rise, gaining 1.64% to 7,725.48. In contrast, utilities stocks fell by 0.5%. The technology sector led the charge, with shares jumping 3.8% on Tuesday.

McDonald's Corp (NYSE:MCD) reported upbeat earnings for the second quarter, beating market estimates of $3.32 per share. The company posted adjusted earnings of $3.38 per share and quarterly sales came in at $7.099 billion versus expectations of $7.128 billion.

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