Global markets update: US stocks climb on upbeat economic data
US stocks climbed on Tuesday on upbeat economic data.
The S&P 500 gained 49.25 points, or 1.14%, at 4,378.07 points. The Dow Jones Industrial Average rose 210.66 points, or 0.62%, to 33,925.37. The Nasdaq Composite climbed 219.71 points, or 1.65%, at 13,555.49.
A report showed that new orders for key US-manufactured capital goods unexpectedly rose in May.
A separate report showed that sales of new single-family homes surged in May.
US consumer confidence also increased to a near 1-1/2 year high in June.
This week, more economic data is expected including a key inflation data, as well as Federal Reserve chair Jerome Powell’s speech at the European Central Bank Forum in Sintra, Portugal.
Bond market
The yield on the 10-year US treasury rose to 3.76% from 3.72% late Monday. The 2-year treasury yield rose to 4.76% from 4.74%.
Currencies
The US dollar rose to 144.05 Japanese yen from 143.45. The euro rose to $1.0961 from $1.0915.
Energy prices
Brent crude for August delivery fell $1.92 to $72.26 a barrel on Tuesday. US crude oil benchmark for August delivery fell $1.67 to $67.70 a barrel.
Natural gas for July delivery fell 3 cents to $2.76 per 1,000 cubic feet.
Bullion
Gold for August delivery fell $10 to $1,923.80 an ounce. Silver for July delivery rose 13 cents to $22.96 an ounce.
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Updated: 28 Jun 2023, 02:19 AM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.