U.S. equities rose on Tuesday as Treasury yields fell for another day. Chip stocks also moved higher, with investors looking ahead to Nvidia’s earnings.
The Dow Jones Industrials added 18.7 points to open at 53,435.86.
The S&P 500 recovered 28.53 points to 7,681.39.
The NASDAQ Composite leaped 225.7 points to 26,205.89.
Investors were also moving into chip stocks as they geared up for Nvidia earnings on Wednesday after the bell. Shares of Advanced Micro Devices and Micron Technology added 3% each, while Intel advanced more than 2%. Nvidia was up more than 1%
Prices for the 10-year Treasury strengthened, lowering yields to 4.66% from Monday’s 4.70%. Treasury prices and yields move in opposite directions.
Oil prices skidded $2.67 to $82.34 U.S. a barrel.
Gold prices slid $23.60 to $4,674.20 U.S. an ounce.
