S&P and Nasdaq close higher on inflation data

The Standard & Poor’s 500 and Nasdaq indexes closed higher on Wall Street, on Tuesday, supported by a rally in the shares of major growth companies after a sell-off in the previous session, with US Treasury yields falling.

Meanwhile, bank shares fell. The benchmark 10-year Treasury yield fell from its highest level in more than three years to less than 3 percent.

Today’s trading was volatile, with major indicators moving between ups and downs, amid tension among investors ahead of the release of consumer price index data in the United States tomorrow, Wednesday, and producer price data on Thursday.

Apple shares rose, giving the biggest boost to the S&P 500 and Nasdaq indices.

The Standard & Poor’s 500 closed up 10.77 points, or 0.27 percent, to 4002.01 points, while the Nasdaq Composite Index rose 114.11 points, or 0.98 percent, to end the session at 11737.35 points.

The Dow Jones Industrial Average fell 82.39 points, or 0.26 percent, to close at 32,163.31 points.

(Reuters)