U.S. Stocks Rise on Earnings; Dollar Declines: Markets Wrap
- S&P 500 index within half a percent of all-time high
- Crypto shares in focus as Bitcoin rises toward record
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U.S. equities extended a rally on Tuesday as solid corporate results helped counter concerns stemming from elevated inflation.
The S&P 500 rose 0.7% as earnings at Travelers Cos. and Johnson & Johnson beat expectations while higher commodity and freight costs weighed on shares of Procter & Gamble Co. Crypto stocks were also higher as Bitcoin rose to record levels following the launch of the first futures exchange-traded fund.