U.S. stocks closed higher Tuesday, with the Nasdaq up 1.18%

The Dow Jones Industrial Average rose 15.99 points, or 0.03%, to 52,377.57 on Tuesday, Reuters reported. In that close, the S&P 500 gained 45.83 points, or 0.60%, to 7,722.60, and the Nasdaq Composite gained 308.43 points, or 1.18%, to 26,477.81. CNBC’s session report gave the same three closes: the S&P 500 up 0.6% at 7,722.60, the Dow up 15.99 points at 52,377.57, and the Nasdaq up 1.18% at 26,477.81.

Reuters said technology led the 11 major S&P 500 sectors and energy had the steepest percentage decline as crude eased. It said advancing issues outnumbered decliners by 1.83 to 1 on the New York Stock Exchange, with 81 new highs and 146 new lows, and by 1.86 to 1 on the Nasdaq, where 3,118 shares rose and 1,680 fell. Volume on U.S. exchanges was 16.10 billion shares, against a 17.18 billion average over the prior 20 full sessions, Reuters said. It also said the Philadelphia semiconductor index was still more than 20% below its June 22 closing high and was up 62.1% for the year, against a 12.8% gain for the S&P 500. Those are Reuters’ comparisons, not a view on whether the shares should be owned.

CNBC said Broadcom climbed 4% after what it described as a $63 billion financing announcement, involving Bank of America, Citi, Morgan Stanley and Blackstone, for the purchase of Broadcom technology for Anthropic. It said Micron was up almost 3% and Advanced Micro Devices gained 5%. This article has not separately opened a financing document for that figure. It is reporting CNBC’s account of the session.

Reuters said discussion of Anthropic’s planned offering helped chip shares for a third straight session. It said Meta increased an equity fundraising to $97.5 billion and that the shares fell 1.6%. It said Boeing fell 10.7% after the company’s quarterly loss, United Parcel Service rose 5.8% after it raised annual forecasts, Xylem slid 14.2% after it trimmed full-year forecasts, Sherwin-Williams fell 2.7% after a profit miss, and Royal Caribbean rose 5.5% after it lifted a profit forecast. Nearly half of S&P 500 companies had reported third-quarter results, and 83% of those had beaten expectations, Reuters said, citing LSEG. That beat rate is LSEG’s tally as Reuters reported it.

The Federal Reserve’s decision was still ahead of this close. Reuters said the committee convened Tuesday and that CME’s FedWatch tool was widely read as pointing to no change in a 3.75% to 4% target range, with a further increase left to December in that same reading. Chuck Carlson, chief executive of Horizon Investment Services, told Reuters there seemed to be more confidence the Fed would not act at this meeting, and that there was probably some relief the rate situation would not get in the way of a rally. That is his comment, and the FedWatch reading is Reuters’ description of a market tool. Neither is a forecast from this article of how the committee will vote. A higher close is a market result, not a judgment on what should be owned.