© Archyde.com. Traders work at the New York Stock Exchange on June 3, 2022. Photo: Brendan McDermid/Archyde.com.
NEW YORK (Archyde.com) – Wall Street closed higher on Tuesday, helped by gains in Apple (NASDAQ:) and other tech companies, but a profit margin warning from Target (NYSE:) weighed on the retail sector for most of the session. .
Energy stocks also rose, with a rise.
The session witnessed volatile trading, as indices declined in early trading, but the market is recovering from its recent sharp losses.
According to preliminary data, the benchmark Standard & Poor’s 500 index closed up 38.72 points, or 0.93 percent, to 4159.85 points, while the Nasdaq Composite Index rose 110.92 points, or 0.92 percent, to end the session at 12172.29 points.
The industrial index rose 262.86 points, or 0.80 percent, to close at 33,178.64 points.
The market is awaiting the US CPI report due on Friday, which is expected to show that inflation remained elevated in May, although core consumer prices, which exclude the food and energy sectors, are likely to have fallen slightly on an annual basis.
(Prepared by Wagdy Al-Alfi for the Arabic Bulletin)
