US stocks gained on Tuesday as investors awaited inflation data and the Federal Reserve’s monetary policy meet next week.
US stocks gained on Tuesday as investors awaited inflation data and the Federal Reserve’s monetary policy meet next week.
The S&P 500 rose 10.06 points, or 0.2%, at 4,283.85. The Dow Jones Industrial Average edged up by 10.42, or less than 0.1%, at 33,573.28. The Nasdaq composite gained 46.99, or 0.4%, at 13,276.42.
The S&P 500 rose 10.06 points, or 0.2%, at 4,283.85. The Dow Jones Industrial Average edged up by 10.42, or less than 0.1%, at 33,573.28. The Nasdaq composite gained 46.99, or 0.4%, at 13,276.42.
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Shares of Coinbase Global tumbled 12.1% on Tuesday after the Securities and Exchange Commission charged Coinbase with operating its trading platform as an unregistered national securities exchange, broker and clearing agency.
Gitlab shares soared 31.2% after the software development platform gave a revenue forecast for the fiscal year that topped analysts’ expectations.
In the bond market, the yield on the 10-year treasury slipped to 3.68% from 3.69% late Monday.
Currencies
The US dollar rose to 139.66 Japanese yen from 139.63. The euro fell to $1.0693 from $1.0715.
Canada
Canada’s main stock index rose on Tuesday to its highest closing level in two weeks, helped by gains for the technology sector.
The Toronto Stock Exchange’s S&P/TSX composite index ended up 123.98 points, or 0.6%, at 20,055.60.
Europe
European stocks rose on Tuesday, led by Novo Nordisk shares.
The pan-European STOXX 600 index closed 0.4% up.
Danish healthcare giant Novo Nordisk jumped 4.1%. The company is in talks to buy a controlling stake in medical device designer Biocorp.
Britain’s FTSE 100 rose 0.4% at 7,209. Germany’s DAX added 0.2% at 15,992.44. France’s CAC 40 gained 0.1% at 7,209.
Asia
Asian shares were choppy on Tuesday.
Hong Kong’s Hang Seng index fell 0.1% at 19,099.28. China’s Shanghai Composite dropped 1.2% at 3,195.34.
Japan’s Nikkei 225 rose 0.9% at 32,506.78.
Australia’s S&P/ASX 200 index dropped 1.2% at 7,129.60. New Zealand’s benchmark S&P/NZX 50 index fell 0.1% at 11,864.12.
Markets in Taipei, Bangkok and Jakarta were in the green.
Energy prices
Brent crude for August delivery fell 42 cents to $76.29 a barrel on Tuesday. US crude oil benchmark for July delivery fell 41 cents to $71.74 a barrel.
Natural gas for July delivery rose 1 cent to $2.26 per 1,000 cubic feet.
Bullion
Gold for August delivery rose $7.20 to $1,981.50 an ounce. Silver for July delivery rose 3 cents to $23.67 an ounce.
