U.S. stocks opened higher on Tuesday with the S&P 500 and Dow industrials trading in record territory. A jump in oil prices benefited energy companies, which were leading the winners in early trade. A stronger-than-expected second-quarter report from Alcoa Inc. also fostered optimism on Wall Street. The S&P 500 , which closed at a fresh record for the first time in nearly 14 months on Monday, was up 12 points, or 0.5%, at 2,149. The Dow Jones Industrial Average added 91 points, or 0.5%, to 18,316, trading above its closing record set in May 2015 and near its intraday record. The Nasdaq Composite advanced 31 points, or 0.6% trading above 5,000 for the first time this year.
European shares were on track for a fourth straight day of gains and the yen broke below its post-Brexit low on Tuesday as easing political tensions in Britain, stimulus hopes and a record high close for U.S. stocks boosted risk appetite.
The governor of the Bank of England has reluctantly agreed to release notes of private conversations in the run-up to the UK’s vote to leave the EU between him and George Osborne, chancellor, to a parliamentary select committee for scrutiny.
Next Trading Day's Important Events
- 17:00 (GMT 3) BoC Interest Rate
- USDJPY: 104.56
- EURUSD: 1.1094
- S&P 500: 2,151.65
- NASDAQ : 5,026.27