- US stocks closed higher Tuesday after
Russia said it pulled back some of its troops from its border withUkraine . - The Producer Price Index rose 1% last month, marking a significant acceleration from December's 0.2% jump.
US stocks closed higher Tuesday on hopes that geopolitical tensions are cooling after Russia said it $4 some of its troops from the Ukraine border.
The $4 from the Russian defense ministry came after weeks of heightened tensions between Russia, Ukraine, and the West over fears that President Vladimir Putin would choose to invade.
The S&P 500 rose — with 10 of its 11 sectors in the green — after falling for three straight sessions. The blue-chip Dow Jones Industrial Average and the technology-heavy Nasdaq Composite both climbed as well.
Here's where US indexes stood after the 4:00 p.m. ET close on Tuesday:
- S&P 500>$4: 4,471.07, up 1.58%
- Dow Jones Industrial Average>$4: 34,988.84, up 1.22% (422.67 points)
- Nasdaq Composite>$4: 14,139.76, up 2.53%
US equities have been declining in recent days as investors kept track of the tensions in Eastern Europe. It's unclear how many troops Russia withdrew, but the signal was enough to flip the market back to "risk-on" mode.
Kremlin spokesperson Dmitry Peskov later $4 the start of a $4 and slammed Western "hysteria" over the reality of an invasion.
The threat of Russia invading Ukraine sparked fears on Wall Street over the impact on global equities and the economy. On top of this, $4 to stem inflation have contributed to market turbulence.
But $4 said the $4 is "far from over." The bank believes a lot of bad news is already $4, and $4 would likely lead to a dovish reassessment by central banks.
Fund managers at $4 think the $4 needs to sink to 3,698, essentially a $4, before the $4 would ride to the
The $4 yield rose to 2.049% from Monday's 1.995%. Bond yields move inversely to prices.
The input price of businesses leaped in January, signaling that high inflation may stay well into 2022.
The $4 — a popular measure of business costs — rose 1% last month, marking a significant acceleration from December's 0.2% jump and handily exceeding the median forecast of a 0.5% gain from economists surveyed by Bloomberg.
"With tensions between Russia and Ukraine seemingly cooling, at least for now, the market could welcome some certainty," Mike Loewengart, managing director of investment strategy at E-Trade from Morgan Stanley, said in a Tuesday note. "So while the PPI read is hotter than expected, heightened inflation may already be priced into the market."
In cryptocurrencies, $4 rose 3.73% to $44,136, climbing back above the $44,000-level since the end of last week as the broader crypto market recovers.
$4 meanwhile is the latest to enter the metaverse. The US bank $4 located in Metajuku, a virtual version of Tokyo's Harajuku shopping district.
Crude-oil prices have seen upward pressure in the past eight weeks amid increasing tensions between Russia, a major oil producer, and Ukraine. But prices have since cooled from their eight-year highs Monday.
$4 slipped 3.70% to $91.88 per barrel. $4 the international benchmark, fell 3.48% at $93.12.
$4, seen as a safe haven during times of wariness, edged lower by 0.99% to $1,852.85 per ounce after hitting an eight-month high earlier on Tuesday.