Stocks Leap Following Debate



U.S. stocks rose on Tuesday following the first presidential debate between Hillary Clinton and Donald Trump.

The Dow Jones Industrials regained 82.18 points to 18,177.01, with IBM contributing the most gains.

The S&P 500 hiked 7.98 points to 2,154.09, with information technology leading advancers

The NASDAQ Composite restored 28.67 points to 5,286.16

The consensus was that Clinton held a slight edge over Trump in public perception, accounting the rise in equities. But the edge remains slight and could be altered by events of the next two weeks. The second of three debates between Trump and Clinton will be held October 9.

Also on market watchers' radars was Deutsche Bank, which saw its shares hit a fresh all-time low on Tuesday, weighing on European equities.

Deutsche's U.S.-listed shares plunged more than 7% Monday after German Chancellor Angela Merkel said the German government would not help the bank with its U.S. legal troubles.

On the data front, the S&P CoreLogic Case-Shiller 20-City Composite index rose 5% year over year, slightly below the expected 5.1% increase. The September Markit Flash U.S. Services PMI was also released, showing expansion. Other data sets due Tuesday include consumer confidence and the Richmond Fed manufacturing index.

Prices for the 10-year Treasury gained, lowering yields to 1.56% from Monday’s 1.58%. Treasury prices and yields move in opposite directions.

Oil prices dropped $1.14 to $44.79 U.S. a barrel

Gold prices faded $13.00 at $1,331.10 U.S. an ounce.