Highlights
Major stock indexes were mostly better Tuesday as AI chip and technology rebounded on bargain hunting after recent declines. The Dow Jones industrial average eased 0.4 percent, the S&P 500 firmed 0.4 percent and the Nasdaq gained 0.8 percent. Bond yields rose, oil prices slipped, with a drop in oil prices while the dollar index edged up.
Apart from the recovery in AI and tech stocks, activity was constrained by uncertainty as the market waits the US midterm election results. Bond yields gained as investors renew their focus on the rising government borrowing ahead of Wednesday’s quarterly US Treasury refunding offering.
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