Dow ends about 260 points higher Tuesday, stocks book back-to-back gains

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Major U.S. stock indexes booked back-to-back gains on Tuesday, erasing earlier weakness after big-box retailer Target Corp. lowered its operating-margin guidance. The Dow Jones Industrial Average DJIA, +0.80% rose about 264 points, or 0.8%, ending near 33,179. The S&P 500 SPX, +0.95% closed up 1%, while the Nasdaq Composite Index COMP, +0.94% rose 0.9%, adding to modest gains for all three benchmarks on Monday. Stocks wobbled earlier in the session after Target TGT, -2.31% outlined plans for price hikes, markdowns and more to help offset inventory woes tied to supply-chain bottlenecks and higher energy costs. Investors have been closely monitoring big retailers for signs of a potential pullback by consumers juggling higher costs at the gas pump, grocery store and elsewhere as inflation runs hot.

This article was originally published by Marketwatch.com. Read the original article here.

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