US shares rose on Tuesday following the release of fresh U.S. economic data, while investors waited for another key inflation report. The Nasdaq Composite gained 0.75% and notched a fresh closing record of 16,511.18. The Dow Jones Industrial Average added 126.60 points, or 0.32%, to end at 39,558.11. The S&P 500 added 0.48%, closing at 5,246.68.
shares in Asia rose, following a big tech-led rally in US benchmarks, as investors look to key inflation data later Wednesday for clues on the Federal Reserve’s next steps. The MSCI Asia Pacific Index – a gauge for benchmarks in the region – inched higher in early trading, extending gains after closing at a two-year high Tuesday. Equity benchmarks in Japan and Australia advanced at the open while futures for Hong Kong were little changed with that sector closed for a holiday.
Meanwhile, The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,375.50 level, a premium of nearly 65 points from the Nifty futures’ previous close.
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