The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.21%.
US stock indexes closed moderately higher on Tuesday as they consolidated just below last week’s all-time highs. Stock gains were limited Tuesday on comments from Fed Governor Waller and Atlanta Fed President Bostic, who said they favor waiting for inflation to decline before cutting interest rates. A decline in T-note yields Tuesday was a supportive factor for equities.
