US stocks rose at the end of Tuesday's trading, supported by diminishing risks of monetary tightening after inflation slowed, while Wall Street received additional support as the chip sector recovered from the sell-off seen in the previous session.

Index

Index Value

Change (points)

Change (%)

52,508.27

9.63

0.02%

26,107.01

233.83

0.90%

7,543.59

28.25

0.38%

25,147.03

32.78

0.13%

8,366.85

2.20

0.03%

10,529.39

31.09

0.30%

24,340.73

127.01

0.52%

67,743.50

500.77

0.74%

77,054.94

(561.46)

(0.72%)

At the close, the Dow Jones Industrial Average settled at 52,508 points, affected by a more than 25% drop in IBM shares.

The broader S&P 500 index rose 0.38%, or 28 points, to 7,543 points, and the Nasdaq Composite increased 0.90%, or 233 points, to 26,107 points.

In Europe, the STOXX Europe 600 index erased early losses and rose 0.17% to 642 points at the close.

The UK's FTSE 100 rose 0.30% to 10,529 points, Germany's DAX gained 0.13% to 25,147 points, while France's CAC 40 settled at 8,366 points.

In Japan, the Nikkei 225 rose 0.75% to 67,743 points, and the broader Topix index increased 0.80% to 4,038 points.

Commodity

Price

Change (points)

Change (%)

84.73

1.43

1.70%

79.34

1.20

1.54%

4,052.96

51.94

1.30%

For oil, Brent crude futures for September delivery rose 1.72%, or $1.43, to $84.73 per barrel, closing at their highest level since June 12.

U.S. Nymex crude futures for August delivery rose 1.54%, or $1.20, to $79.34 per barrel.

For gold, futures for August delivery rose 1.60%, or $64, to $4,069.70 per ounce.

What’s driving markets? Slowing inflation supported risk appetite, while the recovery of chip stocks and gains in major banks with the start of earnings season boosted overall market performance despite ongoing geopolitical tensions in the Middle East.