S&P 500 ends higher as investors eye stimulus [Reuters]
Microsoft Corporation (MSFT)
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Source: Reuters
S&P 500 ends higher as investors eye stimulus (Reuters) - The S&P 500 ended higher after a choppy session on Tuesday, lifted by energy stocks but limited by declines in AIG and Microsoft while investors awaited more U.S. government stimulus to fight economic fallout from the COVID-19 pandemic. The S&P 500 energy index .SPNY jumped and was the strongest performer among 11 sectors, while healthcare declined .SPXHC. Ralph Lauren Corp ( RL.N ) dropped to its lowest since May after quarterly revenue plunged due to coronavirus-related store closures and a slowdown in global demand for luxury goods. American International Group Inc ( AIG.N ) tumbled after its quarterly adjusted profit slumped. Notwithstanding those two reports, about 83% of the 352 companies in the S&P 500 that have reported quarterly results so far have beaten estimates for earnings, according to IBES Refinitiv data. “Investors are still comfortable that the trajectory of earnings is on the right path and the 2021 outlo
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