Bank earnings help buoy stocks
Dow Jones Industrial Average rises 368.31 points, or 1.06 per cent, to 34,953.66. Read more at straitstimes.com.
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Dow Jones Industrial Average rises 368.31 points, or 1.06 per cent, to 34,953.66. Read more at straitstimes.com.
U.S. consumer price data is due on Wednesday, while a producer prices report is due on Thursday. Several Fed officials said this week the central bank would likely need to raise rates further to curb inflation but that the end of its tightening cycle was getting close.
Investors are looking for further clues on whether price pressures are abating and if the Federal Reserve is nearing the end of its interest rate hiking cycle.
International Business News: US stocks rose on Tuesday ahead of vital inflation reports and as financial shares gained before earning reports. The increase in stock prices followe
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