Key facts
- US stocks rose on Tuesday, with the S&P 500, Dow Jones Industrial Average, and Nasdaq composite all posting gains.
- The S&P 500 gained 0.8% on Tuesday, marking its first losing month after two positive ones.
- The Dow Jones Industrial Average reached another record high, adding 0.3%.
- The Nasdaq composite climbed 1.5%, with AI stocks showing strength.
- Treasury yields increased while oil prices eased on Tuesday.
- The Japanese yen weakened to a near 40-year low against the US dollar.
U.S. stocks advanced on Tuesday, trimming losses accumulated during a volatile June. The S&P 500 rose 0.8% to 7,499.36, marking its first losing month after two strong ones. The Dow Jones Industrial Average gained 0.3% to 52,319.20, reaching another record, while the Nasdaq composite climbed 1.5% to 26,213.72. The Russell 2000 index of smaller companies added 0.5% to 3,024.37. Stocks in the artificial-intelligence industry showed strength following earlier swings driven by concerns about their valuation. Treasury yields increased as oil prices eased. Major stock indexes in Europe and Asia also saw gains, while the Japanese yen depreciated to a near 40-year low against the U.S. dollar. For the week, the S&P 500 was up 2%, the Dow up 0.9%, the Nasdaq up 3.6%, and the Russell 2000 up 0.5%. Year-to-date, the S&P 500 has gained 9.6%, the Dow 8.9%, the Nasdaq 12.8%, and the Russell 2000 21.9%. On Monday, the S&P 500 had risen 1.2%, the Dow 0.6%, and the Nasdaq 2.1%, ending a five-day losing streak. Comcast's stock jumped after the company announced plans to separate its media businesses from its broadband unit.