Live news: Oracle forecasts AI demand to drive double-digit revenue growth

News Room

US stocks rose and Treasury yields fell on Tuesday ahead of key inflation data and the Federal Reserve’s outlook for interest rates due on Wednesday.

The blue-chip S&P 500 ended the day 0.3 per cent higher, while the tech-heavy Nasdaq rose 0.9 per cent.

Bond yields fell, with the two-year yield, which moves with interest rate expectations, down 0.06 percentage points to 4.83 per cent. The 10-year Treasury yield also fell, down 0.07 percentage points to 4.4 per cent after strong demand at an auction of $39bn of 10-year notes. 

The moves come as economists anticipate US price pressures to have eased in May.

Read the full article here

Share this Article
Leave a comment