U.S. equities rose Tuesday, with the Nasdaq Composite climbing 0.9% after softer retail inflation figures eased rate hike concerns.
U.S. stocks closed higher Tuesday, driven by softer-than-expected retail inflation data and a rebound in crude oil prices. The Nasdaq Composite led gains, rising 0.9%, as tech shares benefited from easing monetary policy concerns.
The S&P 500 and Dow Jones Industrial Average also advanced, though at a slower pace. Investors parsed the latest inflation figures ahead of key bank earnings reports, which kicked off the quarterly season.
Market focus remains on economic data and corporate results, with traders assessing the Federal Reserve’s next moves amid cooling price pressures.