With just two trading sessions left in 2015, the markets are charging higher, but will it be enough to put the Dow back in positive territory for the year? The Dow saw gains of 192 points Tuesday, but the big level to watch is 17823. If the Dow does not end positive for the year, it will be the first time that's happened since 2008. The Dow wasn't the only winner; the S&P 500 saw gains of 21 points and the Nasdaq added nearly 67 points.
Oil rebounded as investors awaited U.S. crude supply data, which was scheduled to come out Wednesday morning. Oil had plunged Monday on renewed worries over a global supply glut and uncertain demand. Crude rose 2.9% to settle at $37.87 per barrel.
Activist investor Carl Icahn revved investor engines late Monday night by upping his bid for auto parts company Pep Boys (NYSE:PBY). Icahn's newest bid of $18.50 per share bested rival Bridgestone by $1.50, putting the deal in the neighborhood of $1 billion. Shares of Pep Boys jumped 8.8% to hit a new multi-year high.
Online retail giant Amazon (NASDAQ:AMZN) had a very merry Christmas! The e-commerce company touched a new all-time high Tuesday of $696.44 thanks to strong holiday sales.
Amazon was one of the biggest leaders of the Nasdaq for the day, seeing gains of 2.7%, but could it be one of the next names to join the Dow in order to keep the old-time index "relevant?" Talk is that Amazon would be one of the first picks along with Google, owned by Alphabet (NASDAQ:GOOGL), to join the Dow.
Who's hiring? Tesla (NASDAQ:TSLA)! The electric vehicle high-flyer announced plans to hire thousands of new employees in the coming years, with a particular focus on its race to build an autonomous car. The electric car company has already grown by 14 times since 2010 and plans to add another 4,500 California-based employees in the next four years. Shares of Tesla charged higher by 3.6%.