Stocks Rise for Fourth Day as Talks Lift Sentiment: Markets Wrap
- Dollar extends declines while euro bid on Ukraine news
- Key segment of Treasury curve inverts, first time since 2019
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U.S. stocks rose in a broad-based rally on Tuesday amid optimism for progress in talks between Russia and Ukraine. Most Treasury yields retreated, while a key segment of the curve inverted for the first time since 2019.
The S&P 500 gained for a fourth day, closing above the 4,600 level for the first time since mid-January. All 11 industry groups rose, except for energy stocks following declines in oil prices. The Nasdaq 100 climbed more than 1.5% and Apple Inc. rose for an 11th day in the longest winning streak since 2003. The dollar declined while the euro rose the most in almost three weeks. In after-hours trading, Micron Technology Inc. gained after the maker of memory chips forecast third-quarter adjusted revenue that beat estimates.