US Stocks Rise as Oil Pulls Back from Highs
US stocks rose on Tuesday as oil prices pulled back sharply from six-month highs and longer-dated Treasury yields declined. Meanwhile, shares in SpaceX spiked three percent in post-market trading following third-quarter results.
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United States equities rose on Tuesday afternoon, reversing earlier global losses as Brent Crude Oil and West Texas Oil pulled back sharply from six-month highs. The reversal drove longer-dated Treasury yields lower across the board. The broader market rebound coincided with a 3% post-market share price spike for SpaceX following its third-quarter financial results.
