The pillars pointed upwards on the stock exchanges in New York on Tuesday. In particular, some of the IT giants did well and Nasdaq's technology-heavy composite index rose 1.4 percent. The broad S&P 500 index increased 0.7 percent and the Dow Jones industrial index went up 0.3 percent.
Among the big winners was the streaming company Spotify, which reported record profits and profitability in its annual report for last year. The share soared over 13 percent. iPhone manufacturer Apple, which fell sharply on Monday, now rose 2.1 percent. Google's parent company Alphabet rose 2.5 percent ahead of its annual report, which was presented after the stock exchange closed.
Pharmaceutical giant Merck, on the other hand, fell sharply. Although the company reported higher profits and sales than expected for the previous quarter, the forecast for this year's revenue did not meet analysts' expectations. The share plummeted 9.1 percent.
