Wall Street hits records while Asia stays cautious
U.S. stocks finished Tuesday higher. The S&P 500 gained about 0.6%, the Nasdaq Composite rose 0.45%, and the Dow Jones advanced 0.5%, with both the S&P 500 and Nasdaq reaching new record highs.
The picture reversed in Asia, where the MSCI Asia-Pacific index excluding Japan fell about 0.5% in morning trading. Rising oil prices and elevated bond yields weighed on risk appetite, suggesting volatility could remain elevated across global equity markets.
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