Stock market posts back-to-back gains as GameStop chaos cools, investors parse Google, Amazon results

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U.S. stocks finished sharply higher Tuesday, with investors encouraged by news on the pace of vaccines in the U.S., the prospect of more fiscal aid from Congress, and a decline in the frenzy of retail trading in heavily shorted stocks like GameStop Corp.
GME,
-60.00%
and AMC Entertainment Holdings
AMC,
-41.20%.
The Dow Jones Industrial Average
DJIA,
+1.57%
closed up 1.6% at around 30,688, the S&P 500 index
SPX,
+1.39%
gained 1.4% at 3,826, while the Nasdaq Composite Index
COMP,
+1.56%
closed 1.6% higher to end at 13,612. All closing levels are on a preliminary basis. Market participants digest quarterly results from megacapitalization stocks Amazon.com
AMZN,
+1.11%
and Google parent Alphabet Inc.
GOOG,
+1.38%
GOOGL,
+1.38%
after Tuesday’s close of trade. Meanwhile, shares of GameStop finished the day down 60% and has declined 72% so far this week after a stratospheric run-up in recent days.

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