Stock markets record consecutive gains as the chaos of GameStop cools, investors analyze Google and Amazon results

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U.S. equities ended sharply higher on Tuesday, with investors cheered by news of the pace of vaccines in the U.S., the prospect of more congressional tax relief and the slowdown in the retail trade frenzy in very short stocks like GameStop Corp. GME,
-60.00%
and AMC Entertainment Holdings AMC,
-41.20%.
The Dow Jones Industrial Average DJIA,
+ 1.57%
closed 1.6% at around 30,688, the S&P 500 SPX index,
+ 1.39%
gained 1.4% to 3,826, while the Nasdaq Composite Index COMP,
+ 1.56%
closed 1.6% higher to finish at 13,612. All closure levels are preliminary. Market participants digest the quarterly results of Amazon.com AMZN megacapitalization shares,
+ 1.11%
and Google Alphabet Inc. GOOG, pare
+ 1.38%
GOOGL,
+ 1.38%
after the close of trading on Tuesday. Meanwhile, GameStop shares ended the day with a 60% decline and have declined 72% so far this week, following a stratospheric phase in recent days.

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