Major indexes showed minor gains on Tuesday as Wall Street awaited significant economic data on inflation and retail sales.
The Dow Jones rose 0.24% to 44,400.82, S&P 500 increased 0.10% to 6,007.46, and Nasdaq edged up 0.05% to 19,307.85.
Investors are keenly awaiting the release of consumer price inflation data on Wednesday, followed by producer price and retail sales reports later in the week.
Tyson Foods surged 8.1% after strong quarterly earnings, Home Depot rose 0.3%, and Honeywell gained 5.2% following news of Elliott Investment's $5 billion stake.
Tesla fell 2.4%, Trump Media dropped 6.6%, and Novavax faced a steep 9.1% decline, making them the day’s biggest losers.
Bitcoin hit an all-time high of $89,995 before pulling back, reflecting ongoing enthusiasm in the cryptocurrency market.
Bitcoin mining companies saw varied performance: MARA Holdings dropped 3.5%, while Riot Platforms declined 8.4%.
The 10-year Treasury yield climbed to 4.38%, signaling investor concerns about inflation and potential Federal Reserve rate actions.
Brent crude rose by 0.70% to $72.33 per barrel, while WTI edged up 0.72% to $68.53, with OPEC’s revised demand outlook pointing to softer future demand.
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