US Stock Market Today: NASDAQ & S&P 500 Rise as Rate Outlook Hinges on Fresh US Economic Reports

US Stocks Edged Toward Record Highs as Investors Awaited Key US Economic Data to Gauge The Federal Reserve’s Interest Rate Outlook
US Stock Market Today
Written By:
Kelvin Munene
Reviewed By:
Manisha Sharma
Published on

US stocks climbed on Tuesday and hovered near fresh records as investors waited for new US economic data that could steer the Federal Reserve’s rate path. The S&P 500 rose 0.4% by 10:29 a.m. in New York, while the NASDAQ 100 added 0.7% and the Dow gained 0.4%. European shares also advanced, with the Stoxx Europe 600 up 0.6%, and the MSCI World Index up 0.5%.

US Stocks Near Records as Fed Data Guides Rate Outlook

Traders focused on upcoming business activity and labor-market updates after a weaker-than-expected US Services PMI lifted expectations for rate cuts. Natixis cross-asset strategist Emilie Tetard said investors “are waiting for data” and described the period as a chance to add diversification.

Richmond Fed President Tom Barkin also pointed to a “delicate balance” as unemployment rises and inflation remains above target. He said policymakers must watch both sides of the mandate while new information arrives.

Global Equities and Bond Yields Move with the Dollar

Moves across regions stayed orderly, even as headlines from Venezuela kept geopolitical risks in focus. Asian shares extended a strong start to the year, and emerging-market equities touched fresh highs, according to Bloomberg’s markets wrap.

In rates, the US 10-year Treasury yield rose two basis points to 4.18%, while Germany’s 10-year yield slipped three basis points to 2.84%. Britain’s 10-year yield also fell three basis points to 4.48%. Meanwhile, the Bloomberg Dollar Spot Index rose 0.2%, with the euro down 0.3% to $1.1690 and the pound down 0.3% to $1.3501.

Gold Extends Rally as AI and Corporate News Drive Stock Focus

Gold rose 0.7% to $4,481.36 an ounce, and silver jumped about 5%, extending a metals rally that has persisted into early 2026. Oil prices softened, with West Texas Intermediate down 0.3% to $58.15 a barrel, after Brent pared earlier gains.

Additionally, tech stayed central to the equity narrative after CES updates from chipmakers. NVIDIA shares outperformed some mega-cap peers in premarket trade after Chief Executive Officer Jensen Huang said Rubin data center processors have entered production. 

Advanced Micro Devices outlined a new data center chip and discussed future products aimed at meeting corporate demand.

Intel also showcased laptops using a new processor design as it tries to regain competitiveness. 

Corporate headlines added company-specific volatility. American International Group said Chief Executive Officer Peter Zaffino plans to step down, with former Aon president Eric Andersen set to take over.

OneStream shares rose in premarket trading after buyout firm Hg entered advanced acquisition talks

Anheuser-Busch InBev said it will reacquire a 49.9% stake in its US metal container plants in a deal estimated at $3 billion.

Digital assets traded mixed alongside broader risk appetite. Bitcoin held near $94,143, while Ether rose 1.8% to about $3,296. These moves tracked modestly firmer equities and slightly higher US yields, as traders waited for the next data points that could confirm, or challenge, easing expectations.

Also Read: US Stock Market Today: S&P 500 and NASDAQ Climb While Oil and Gold Gain on Venezuela Developments

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