US sharemarkets were firmer on Tuesday. The banking sector rose 1.9% as bond yields lifted to 2-year highs ahead of inflation data on Thursday. Key technology stocks rose with shares in Apple up 1.8% after it announced a contactless payment feature on iPhones. Shares in Amazon rose 2.2% and Microsoft rose 1.2%. At the close of trade, the Dow Jones index was up by 372 points or 1.1% after being up 453 points. The S&P 500 index rose by 0.8%. And the Nasdaq index rose by 179 points or 1.3%.
US sharemarkets were firmer on Tuesday. The banking sector rose 1.9% as bond yields lifted to 2-year highs ahead of inflation data on Thursday. Key technology stocks rose with shares in Apple up 1.8% after it announced a contactless payment feature on iPhones. Shares in Amazon rose 2.2% and Microsoft rose 1.2%. At the close of trade, the Dow Jones index was up by 372 points or 1.1% after being up 453 points. The S&P 500 index rose by 0.8%. And the Nasdaq index rose by 179 points or 1.3%.
US long-term treasuries fell on Tuesday (yields higher). US Treasury auctioned US$50 billion in 3-year notes at a yield of 1.592% on demand by foreign buyers. US Treasury will auction US$37 billion in 10-year notes on Wednesday and US$23 billion in 30-year bonds on Thursday. US 10-year yields rose by 4 points to near 1.96%. And US 2-year yields rose by 5 points to 1.34%.
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