Equities rise with tech boost and yields fall with oil prices

The Dow Jones Industrial Average .DJI rose 160.24 points, or 0.30%, to 53,577.40, the S&P 500 .SPX rose 24.42 points, or 0.32%, to 7,677.28 and the Nasdaq Composite .IXIC rose 171.11 points, or 0.66%, to 26,151.30. MSCI's gauge of stocks across the globe .MIWD00000PUS rose 4.77 points, or 0.42%, to 1,150.00. Earlier, the pan-European STOXX 600 .STOXX index closed up 0.35%. MSCI's broadest index of Asia-Pacific shares outside Japan .MISX00000PUS closed up 0.56% at 1,642.24, while Japan's Nikkei .N225 rose 328.34 points, or 0.50%, to 65,856.43. MSCI's global equities gauge rose on Tuesday as investors waited for economic data and Nvidia's financial results, while bond yields declined and oil prices fell following a U.S. threat to expand sanctions against Iran. Yields on U.S. 10-year and 30-year bonds showed a second straight day of declines as traders weighed the implications of U.S. Treasury Secretary Scott Bessent's decision last week to expand Treasury buybacks. On Monday, Bessent had warned countries to cut their financial ties with Iran or face secondary sanctions as part of what had been billed as "economic D-Day." However, oil prices fell to a one-week low on Tuesday as traders viewed economic pressure as less of a risk to oil supplies than a military escalation. In Treasuries, the yield on benchmark U.S. 10-year notes US10YT=RR fell 7.92 basis points to 4.625%, from 4.704% late on Monday while the 30-year bond US30YT=RR yield fell 6.9 basis points to 5.162%. The 2-year note US2YT=RR yield, which typically moves in step with interest rate expectations for the Federal Reserve, fell 5.98 basis points to 4.176%. Among currencies, the U.S. dollar was virtually unchanged as investors weighed Washington's expanded sanctions against Iran and renewed efforts to ease pressure on longer-dated Treasury yields. The dollar index =USD, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.1% to 98.87, with the euro EUR= up 0.13% at $1.1677. Against the Japanese yen JPY=, the dollar strengthened 0.03% to 159.13. In cryptocurrencies, bitcoin BTC= fell 0.04% to $78,893.30, after earlier crossing above the $80,000 level for the first time since mid-May. In energy markets, U.S. crude CLc1 settled down 3.12%, or $2.65, at $82.36 a barrel and Brent LCOc1 settled at $88.58 per barrel, down 3.89%, or $3.59. Gold prices were slightly higher on Tuesday, after scaling a more than three-month high earlier in the session. The rally lost momentum near a key psychological resistance level while investors waited for the release of the U.S. Federal Reserve's preferred gauge of inflation on Wednesday. Spot gold XAU= rose 0.31% to $4,665.86 an ounce. U.S. gold futures GCc1 fell 0.23% to $4,630.00 an ounce. On Wall Street, the heavyweight technology sector .SPLRCT recouped some of Monday's losses, ahead of the release of second-quarter results from AI chip leader Nvidia NVDA.O after market close on Wednesday. "Technology is stronger today after the recent weakness," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder, noting that much of the boost was from Nvidia whose upcoming results are on investors' minds. "Nvidia has been weak and its price-to-earnings valuation has been down. There are buyers of Nvidia here looking for a strong earnings report. Nvidia is helping to pull up the rest of the tech market." The strategist also said Treasury yields were "moving in the opposite way they have been moving which is positive for the stock market," but that the move was modest.

Equities rise with tech boost and yields fall with oil prices

Major U.S. indices close higher

Markets rise as investors await Nvidia results

Treasuries, currencies, crypto and commodities move

Tech rebounds ahead of Nvidia's second-quarter results

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