Small Caps Test 200-Day Average, Nasdaq 100 Eyes Record Ahead Of US-China Progress: What's Driving Markets Tuesday?
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U.S. stocks rose on Tuesday, with the S&P 500 and Nasdaq 100 up 0.4%, as investors monitored U.S.-China trade talks. Small caps outperformed, with the Russell 2000 testing its 200-day moving average. Energy stocks led gains due to rising crude prices. Economists expect inflation to rise to 2.5% in May, influencing Federal Reserve rate cut expectations. Bitcoin dipped 1% to $109,000. Notable stock movements included Caseys General Stores up 12% after strong earnings, while J.M. Smucker fell 15% after missing revenue estimates.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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