U.S. stock indexes rose on Tuesday as traders looked ahead to the first presidential debate and an upcoming inflation report.The Dow Jones Industrial Average gained 150 points, or 0.5%, to 30,040. The S&P 500 index rose 0.7% to 3,690, and the Nasdaq Composite index added 1% to 12,150.The gains came as traders awaited the first presidential debate between President Donald Trump and former Vice President Joe Biden, which is scheduled for Tuesday night. The debate is expected to focus on a range of issues, including the economy, healthcare, and the COVID-19 pandemic.Traders are also looking ahead to the release of the consumer price index (CPI) on Wednesday. The CPI is a measure of inflation, and a higher-than-expected reading could weigh on stocks.
Among the companies in focus on Tuesday:
Boeing
(BA) shares rose 2.5% after the company announced a deal to sell 787 Dreamliners to United Airlines.Tesla
(TSLA) shares gained 4% after the company announced plans to build a new factory in Texas.Apple
(AAPL) shares fell 1% after the company announced a delay in the release of its new iPhone.Overall, the stock market is trading in a narrow range as traders await the outcome of the presidential debate and the release of the CPI report. However, the overall trend remains positive, as investors remain optimistic about the long-term prospects for the economy.