Dow jumps nearly 400 points | Select retail stocks win on earnings | JPMorgan’s economic outlook

The major averages climbed on Tuesday.

VIEW IN BROWSER | SUBSCRIBE TUE, NOV 22, 2022 EVENING BRIEF AS OF TUE, NOV 22, 2022 • 04:52 ET DJIA +% + S&P 500 +% + NASDAQ +% + Most Active DOW NAME LAST CHG %CHG AAPL 150.18 +2.17 +1.47% DIS 96.21 -1.37 -1.40% INTC 29.82 +0.88 +3.04% S&P 500 NAME LAST CHG %CHG TSLA 169.91 +2.04 +1.22% AMZN 93.20 +0.74 +0.80% AMD 75.25 +2.79 +3.85% NASDAQ NAME LAST CHG %CHG TSLA 169.91 +2.04 +1.22% AMZN 93.20 +0.74 +0.80% AMD 75.25 +2.79 +3.85% EDITOR'S NOTE Some of the biggest winners in the stock market Tuesday were perhaps a bit unexpected, especially with worries about economic weakness and a potential U.S. recession.   Shares of retail companies that reported solid quarterly results such as Best Buy, Dick's Sporting Goods, American Eagle Outfitters and Abercrombie & Fitch saw big jumps during the day. Best Buy surged nearly 12.8% and Dick's Sporting Goods gained 10.1%. American Eagle and Abercrombie jumped about 18.2% and 21.4%, respectively.   Overall, the sector was one of the market's top performers — the SPDR S&P Retail ETF rose 2.7% during the day, while the three major indexes each gained more than 1%.    Solid outlooks for the holiday period and the year were also rewarded by Wall Street. Abercrombie & Fitch is optimistic going into the 2022 holiday season, and Best Buy stuck by its previous projections for holiday sales.    Dick's Sporting Goods boosted its full-year financial forecast as well.   But not all retailers were triumphant in the market today. Shares of Dollar Tree slipped about 7.8% even though the discount retailer posted results that showed it beat Wall Street expectations on the top and bottom lines in the previous quarter.    The company stock was weighed down by its full-year earnings projection, which fell at the lower end of the range it previously gave. Dollar Tree cited inflation and near-term pressure on sales due to shifting consumer shopping as reasons for the weaker outlook.    Carmen Reinicke | Investing Reporter at CNBC Pro @csreinicke Watch our live stream for all you need to know to invest smarter. Watch Live TOP NEWS Dow closes nearly 400 points higher as Wall Street bets on easing inflation, smaller rate hikes into year-end FTX lawyer calls this case 'a different sort of animal' in first bankruptcy hearing Supreme Court clears way for Trump tax records to be sent to Congress by IRS Biden administration will extend student loan debt repayment holiday to June Goldman's official 2023 outlook is here: Where it thinks the market is headed and what to buy Disney is counting on Bob Iger to make hard decisions about its streaming and TV assets – or find someone who will JPMorgan sees four potential outcomes for the economy, and only one of them is good Hightower's Stephanie Link buys shares of Disney, says they're 'attractive' after Bob Iger's return Fauci says he never imagined Covid would kill a million Americans Trump would beat DeSantis in 2024, as Biden approval rate remains underwater, new poll finds TOP VIDEO Fixed income an alternative like it hasn't been in a while, says MS Investment Management's Weinstein CNBC PRO The investment case for next-gen trading stocks like Coinbase and SoFi despite crypto contagion SPECIAL REPORTS Here's how to score a charitable tax break on 'Giving Tuesday' How to recession-proof your finances, from a wealth-building expert Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.   Data also provided by THOMSON REUTERS