NEW YORK: US stocks ended higher on Tuesday as crude prices steadied and US Treasury yields eased, offering some reprieve from concerns that have preoccupied investors in recent weeks, and allowing markets to turn their attention to the approaching third-quarter reporting season.
The broad rally pushed the S&P 500 and the Nasdaq to all-time closing highs.
The blue-chip Dow remains just over 5% shy of its record closing level reached on Aug 5.
When oil prices stabilise or move lower, "that causes yields to move down because there's less anxiety about energy-driven inflation, which in turn is helping lift stocks higher," said Oliver Pursche, senior vice-president at Wealthspire Advisors in New York.
