U.S. stocks posted modest gains on Tuesday, climbing a day after the Dow and S&P 500 cemented a fourth day in a row of declines and stocks slumped to their lowest levels in about a month. The Dow Jones Industrial Average
DJIA,
+0.28%

rose about 92 points Tuesday, or 0.3%, ending near 32,850. The S&P 500 index
SPX,
+0.10%

gained 0.1% and the Nasdaq Composite Index
COMP,
+0.01%

closed virtually flat, according to FactSet. Stocks struggled for direction earlier in the session after the Bank of Japan surprised global markets by loosening a cap on 10-year government bond yields, a potential sign of a shift away from its ultraloose monetary policies. Global bond yields jumped along with Japanese government rates. U.S. stocks rallied modestly in afternoon trade, with the S&P 500 led higher by gains in the energy, communication services and materials sectors.

Source link

You May Also Like

America’s oddest laws include rules against dressing as nuns, eating frogs and more

Americans know that they should never run a red light or steal…

10/16/2022: The Lost Souls of Bucha, The Power of Grimsby, Coach Prime

10/16/2022: The Lost Souls of Bucha, The Power of Grimsby, Coach Prime…

Alex Jones ordered to pay hundreds of millions in Sandy Hook defamation trial

A Connecticut jury awarded hundreds of millions of dollars in damages to…

LEGH Stock Price | Legacy Housing Corp. Stock Quote (U.S.: Nasdaq) | MarketWatch

Legacy Housing Corp. Legacy Housing Corp. engages in the selling, building, and…