The U.S. market rallied Tuesday after a cocktail of competing factors circulated the news cycle.
All three major indices were higher Tuesday, as China's economic stimulus outweighed JPMorgan Chase & Co.'s (JPM) earnings miss.
News came out Tuesday morning that China will continue its stimulus program, which is implemented through both fiscal and monetary stimulus. Poor economic data in the country came out Monday, but the Chinese government is responding to a dimming economy partly resulting from President Trump's tariffs with stimulus measures.
The bank missed on both revenue and earnings-per-share, which was largely attributable to poor trading revenue. It's net interest income remained healthy, growing 9% year-over-year, as higher interest rates didn't keep loan volumes down much. The market liked that as well.
Delta Air Lines Inc. (DAL) , RealMoney's stock of the day, ended the day flat, after issuing light forward looking guidance. RealMoney's Kevin Curran explained why Delta's stock was up and down Tuesday.
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