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Today's Stock Market: After a Late Tech Surge, the Dow closes higher.
On Monday, U.S. equities ended the day higher after a late-afternoon surge in technology lifted all three indices.
The S&P 500 was up 0.72% at 4:23 p.m. ET, the Dow Jones Industrial Average was up 0.27%, or 94 points and the Nasdaq was up 1.3%.
Last week, Wall Street's three main averages reported gains for the second week in a row, with the broad-based S&P 500 index having more than recovered its losses since Russia invaded its southern neighbour in late February.
Ukraine's and Russia's negotiating teams will meet in Turkey this week, with Ukrainian President Volodymyr Zelensky telling independent Russian journalists that he would accept permanent neutrality as a premise for peace if it was guaranteed by third parties.
In a late rise, stocks look past rate fears, while the yen wilts.
On Monday, global stock markets shrugged off concerns about increasing interest rates, with the tech-heavy Nasdaq index surging 1.3%, despite portions of the Treasury yield curve signalling recession dangers and oil prices plummeting on fears of weakening Chinese demand.
Following a turbulent morning in which equities fluctuated between gains and losses, U.S. stocks finally broke higher, with Tesla (NASDAQ:TSLA) soaring over 8% on reports that it will seek shareholder permission for a stock split.
However, multiple signals and analyst cautions suggested that the stock market's upswing would not persist, since global interest rates are expected to rise this year, thereby stifling economic development.
Stocks across Europe are rising as peace talks between Ukraine and Russia gain traction.
The attention on the opening of another round of peace talks between Ukraine and Russia in Turkey pushed European stock indexes higher on Tuesday.
By 4:10 a.m. ET (0810 GMT), the DAX in Germany was up 1.2% the CAC 40 in France was up 1.7% and the FTSE 100 in the United Kingdom was up 0.9%.
With the war now in its second month, Ukrainian and Russian negotiators are meeting in Istanbul for face-to-face negotiations, the first direct talks between the two sides in more than two weeks.
According to the United Nations High Commissioner for Human Rights, the war has taken a heavy toll on civilians, with a total of 2,975 civilians killed since the conflict began.
At the closing of trading, Japan's stocks were higher, with the Nikkei 225 index up 1.10%.
Stocks in Japan rose after the close on Tuesday, led by increases in the Warehousing, Chemical, Petroleum & Plastics, and Transportation sectors.
The Nikkei 225 index rose 1.10% at the close in Tokyo, reaching a new one-month high.
Chubu Electric Power Co., Inc. (T:9502) was the highest performance on the Nikkei 225 during the day, rising 5.88% or 73.00 points to close at 1,315.00. In late trading, Yamaha Motor Co Ltd (T:7272) rose 4.19% or 112.00 points to 2,788.00, while Seven & I Holdings Co., Ltd. (T:3382) up 4.09% or 226.00 points to 5,748.00.
At the close of trading, Australia's stocks were up 0.70% on the S&P/ASX 200 index.
After the closing on Tuesday, Australian stocks were higher, thanks to increases in the IT, Consumer Discretionary, and Healthcare sectors.
The S&P/ASX 200 index rose 0.70% to a fresh one-month high at the close in Sydney.
Nearmap Ltd (ASX:NEA), which increased 16.60% or 0.22 points to trade at 1.51 at the closing of the session on the S&P/ASX 200, was the best performance of the session. Magellan Financial Group Ltd (ASX:MFG) rose 7.14% or 1.00 points to 15.01 in the late afternoon, while Appen Ltd (ASX:APX) up 6.69% or 0.45 points to 7.18.
On the Sydney Stock Exchange, rising equities exceeded descending ones by 830 to 583, with 375 remaining unchanged.
The S&P/ASX 200 VIX, which gauges the implied volatility of S&P/ASX 200 options, fell 4.05% to 12.97, a new low for the month.
