Carmax Earnings, GDP Reading, Consumer Confidence: 3 Things to Watch By Investing.com

Carmax Earnings, GDP Reading, Consumer Confidence: 3 Things to Watch By Investing.com
Carmax Earnings, GDP Reading, Consumer Confidence: 3 Things to Watch By Investing.com© Reuters.

By Dhirendra Tripathi

Investing.com — Stocks jumped on Tuesday, lifted by strong earnings at Nike and Micron and a rebound in tech stocks. 

The swift emergence of Omicron as the dominant coronavirus variant in the U.S. has alarmed investors. Public health officials say the strain was responsible for 73% of infections last week, up from just 13% the week before.

But as European nations reinstate lockdowns, President Joe Biden said on Tuesday he did not intend to lockdown the U.S., emphasizing testing and vaccination.

The White House said it will make 500 million at-home tests available for anyone who asks starting next month, at no cost. It is also preparing military doctors and nurses to help overwhelmed hospitals cope with a winter surge of cases. 

Nike Inc (NYSE:)led the higher, beating quarterly estimates and offering…

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