FactSet Evening Market Recap - Tuesday, 29-Aug

US equities were higher in Tuesday trading, ending near session highs, with the Dow, S&P, and Nasdaq finishing up 0.85%, 1.45%, and 1.74%, respectively. Big tech saw solid gains across the board. Semis, department stores, growth software, networking, metals, airlines, and telecom were some of the other outperformers. There were few decliners, though refiners, staples, utilities, rails, and A&D were among the underperformers. It was very quiet once again in terms of macro headlines. There has still been an outsized focus on China stimulus measures, with China state banks reportedly set to cut rates on bulk of the country's $5.3T of existing mortgages.