Tuesday was a lucky day for the U.S stock market because of the rise in stocks. As a result of firm customer data, S&P 500 (INDEXSP) and Dow (INDEXDJX: DJI) were successful in achieving single-day records. There is a chance that the market’s good streak is here to stay.

Tuesday’s gainers outshined the losers such as utility and telecommunication stocks. Both telecom and utility are known for their defensive play during economic expansion. There was an increase by 0.8% in energy stocks, which are always related to the overall growth rate of the market.

S&P 500 (INDEXSP) has ascended by going above 2000. Out of the past 13 market sessions S&P 500 (INDEXSP) and Dow (INDEXDJX: DJI) saw an increase in 10 of them; whereas Nasdaq did one better and went up in 11 of its last 13 sessions. Despite this performance the level of gains has been on the lower side which has forced investors to play it safe instead of investing.

Chief Strategist (Marketing) of JonesTrading, Micheal O’Rourke stated that due to decreased volume, Tuesday’s results are not easy to interpret. There is a need of some kind of constructive or destructive motivation. Only then will people take some action. Being on an uptrend is not enough. There is a lot of hard work required to enhance the performance.

August encouraged the US consumers to have more faith and confidence in the market. An increase by 22.6% was seen on the goods that are durable back in July; this was a record jump. However without including transportation the orders decreased by 0.8%.

S&P 500 (INDEXSP)’s ratio for price-to-earnings has not shown an abnormal growth, which has given the confidence to analysts to think that none of the stocks are overvalued. However it might not be safe to assume that more gains will come; the reason are a few factors including Russia-Ukrain tension and Federal Reserve reduction.

Dow (INDEXDJX: DJI) had an average profit of 66.4 points (0.39%), S&P 500 (INDEXSP) had a profit of 6.1 points (0.31%) up to 2,004.02. Nasdaq Composite (INDEXNASDAQ:IXIC) had a profit of 15 points (0.33%) up to 4572.35.

Here is a look at some of the stock performances on Tuesday.

Best Buy Corporation Inc (NYSE:BBY) had a loss by 5.1% ($30.35). The fall happened after the retailer’s second quarter revenue results were revealed; the results were below expectations. DSW Inc. (NYSE:DSW) on the other hand went up by 8.5 percent ($30.79).

Digital Ally Inc (NASDAQ:DGLY) rose to $14.62, which was an increase by 17%. This was a tremendous success. The stock has increased four times this month; the main reason for this rise was an increased demand in the wearable cameras offered by the company, which was the result of the Missouri shooting of a black teenager who was unarmed.

On Monday, Amazon.com Inc (NASDAQ:AMZN) decided to spend $970 million on a gaming network. This will be a live streaming high definition game. This move has brought their shares up by 2.3%, bringing them up to $341.84.

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