US Stocks Rise As Yields Fall
US stocks rose as Treasury yields and oil prices eased on Tuesday while investors awaited key corporate earnings reports. Data showed US housing demand slumped sharply last month. Meanwhile the euro edged higher despite ongoing unrest in France.
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United States stocks rose on Tuesday as Treasury yields and oil prices eased, lifting the Dow Jones Industrial Average 490.46 points to 52,453.89. The advance came as investors weighed corporate earnings against macroeconomic data showing a sharp contraction in domestic housing demand. Markets are looking to third-quarter results for proof that consumer resilience can sustain current valuations amid elevated borrowing costs.
