Stock market registers consecutive gains as GameStop chaos cools, investors analyze Google and Amazon results

US equities closed sharply higher on Tuesday, with investors encouraged by news about the pace of vaccines in the U.S., the prospect of more Congressional fiscal aid and a decline in the retail trade frenzy in heavily sold 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 SPX index,
+ 1.39%
gained 1.4% in 3,826, while the Nasdaq Composite Index COMP,
+ 1.56%
closed 1.6% higher to end at 13,612. All closing levels are preliminary. Market participants summarize the quarterly results of Amazon.com AMZN mega-capitalization actions,
+ 1.11%
and Alphabet Inc. GOOG, father of Google,
+ 1.38%
GOOGL,
+ 1.38%
after Tuesday’s trade closed. Meanwhile, GameStop’s stock ended the day down 60% and has fallen 72% so far this week, after a stratospheric rise in the past few days.