US stocks were not trading on Monday due to the celebration of Martin Luther King Day, so a new trading week began for them on Tuesday. Major stock indexes rose thanks to technology stocks, as well as demand for small-cap stocks. 
Investors ' behavior on Tuesday pointed to the return of reflationary trading. As well as companies such as deltamarket.net they have been on the market for a long time,and they analyze everything down to the details,so they can be trusted. The market is betting on the economic incentives of the Democrats. Janet Yellen, in her speech to the Senate Finance Committee, supported large-scale financial incentives, which also found a positive reflection in the mood of market participants.
Dow Jones +0.4% to 30930.5 p. (from the beginning of the year +1.1%),
S&P 500 +0.8% to 3,799 p (YTD +1.1%),
NASDAQ +1.5% to 13,197. 2 p. (from the beginning of the year +2.4).
The S&P 500 index traded at a ratio of 30.3 to earnings for the past year and at a ratio of 23 to the projected earnings of its member companies for the coming year. 8 out of 11 sectors showed growth IT sector stocks contributed the most to the index's growth (+1.3%). The energy sector showed the most positive dynamics (+2%). Brent crude rose 2.1% to 55.90/bbl on Tuesday, while US benchmark WTI added 1.2% to $52.98 / bbl.
Of the 505 stocks in the S&P 500 index, 301 rose and 202 lost value.
Microsoft shares (MSFT) contributed the most to the S&P 500 index (+1.8% to $216.44). Shares of General Motors (GM) showed the most positive dynamics among the components of the index (+9.8% to $54.84). At the same time, during the auction, a new absolute maximum was reached at $55.14.
The growth driver was the news that Microsoft will become an investor in the startup for the production of unmanned vehicles-Cruise LLC, a majority stake in which belongs to General Motors. Cruise is expected to use Microsoft's Azure cloud platform to manage a network of self-driving cars.
Etsy shares rose 8.2% to reach an all-time high of $221.19, overwriting the previous peak that was set on January 14. Analysts are positive about the publication of financial results for the 4th quarter. The day before, Morgan Stanley raised its forecast target for Etsy shares from $74 to $93.
Xerox shares fell 4.7% to $21.09 on the back of Cross Research analysts ' decision to downgrade the stock from "hold" to "sell". Cross Research sees pressure on Xerox's margins as many office employees still work remotely.
Quarterly reporting season
Bank of America shares fell 0.73% to $32.77. The bank reported on Tuesday a drop in fourth-quarter profit, which fell to $5.21 billion, or 59 cents per share ($6.75 billion, 74 cents per share a year earlier). However, the profit was better than analysts ' forecasts (55 cents per share). Revenue excluding interest expense declined 10% to $20.1 billion, while Bank of America's net interest income declined 16%. The positive aspect of the report was the fact that the revenue of the bank's trading division increased to $3 billion from $2.8 billion a year earlier.
Goldman Sachs shares were down 2.3% at $294.20. The investment bank also published a report and reported a 153% increase in profit in the 4th quarter due to the results of bond trading and underwriting, as well as increased activity in the field of mergers and acquisitions. Net income rose to $4.36 billion, and earnings per share were $12.08 ($4.69 in the same period a year earlier). The result significantly exceeded the consensus expectations of Wall Street analysts ($7.47 per share).
"We are seeing a continuation of the positive reporting in trading revenue and investment banking that we saw at JPMorgan Chase a day earlier. The results from Goldman Sachs confirm the favorable picture that developed for investment banks at the end of last year. Increased volatility, active trading, increased interest in the IPO and the growth of the market as a whole — all this contributed to the company's good results," commented Alexey Kornilov, a leading analyst at Otkritie Broker on the international stock market.
Halliburton shares were down 0.96% at $20.54 on Tuesday. According to the quarterly report, adjusted net income for the three months to December 31
increased 60% from the previous quarter to $160 million, or 18 cents per share.
The results exceeded the average analyst forecast of 15 cents per share. Revenue rose 8.8% QoQ to $3.24 billion, also slightly exceeding analyst estimates ($3.21 billion). Halliburton shares are down about 23% in 2020.
Tesla shares rose 2.23% to $844.55. After reaching a high of $884.49 on January 8, the automaker's shares are showing consolidation in the form of a converging triangle, which from a technical point of view retains the potential to update the absolute peak with the possibility of growth above $900. Tesla has announced the delivery of the first Model Y crossover produced at a Chinese factory in Shanghai. Before that, the company produced only the Model 3 sedan in China.
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