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.
Know your inner investor
Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Download The Mint News App to get Daily Market Updates.
Updated: 28 Jun 2023, 02:19 AM IST
