Mumbai, Aug 26: US stock markets ended higher on Tuesday, with technology shares leading the recovery as semiconductor stocks bounced back from the previous session’s sharp decline.
The Nasdaq Composite gained 0.66 per cent, supported by a broad recovery in chip stocks. The Dow Jones Industrial Average also moved higher, marking its third consecutive winning session, while the S&P 500 finished in positive territory.
Falling US Treasury yields provided additional support to equities by easing pressure on interest-rate-sensitive and growth-oriented stocks. A decline in crude oil prices also helped improve market sentiment and reduced concerns over higher input and inflation costs.
However, the gains remained measured as investors weighed signs of softer consumer sentiment and renewed trade tensions between the United States and Canada. Weaker-than-expected consumer confidence data added to concerns about the strength of household spending and the broader US economic outlook.
The rebound in semiconductor stocks was a key feature of the session, helping technology shares recover some of their recent losses. Investors continued to monitor movements in bond yields, commodity prices and developments in global trade for further direction.
Overall, the session reflected a more positive tone across Wall Street, although investors remained cautious amid uncertainty over economic growth, trade relations and the future path of US interest rates.