What’s more, Arista Networks soars 20.8% but previously peaked by rising 23%as brokerages raised their target prices for the cloud infrastructure provider’s shares following strong third-quarter results.
The Dow Jones Industrial Average rose 0.4% to 36,053.71 units, while the S&P 500 gained 0.3% to 4,629.60 units. The Nasdaq Composite advanced 0.1% to 15,617.00 units.
Five of the top 11 S&P sectors rose, with real estate the best performer.
After Australia’s central bank dropped an ultra-low target for bond yields on Tuesday, opening the door for an earlier hike for cash rates, the focus is now on the monetary policy meeting of the Fed starting on Tuesday.
Markets expect the US central bank to approve plans on Wednesday to reduce its pandemic-era support for the world’s largest economy., while also focusing on comments on interest rates and how sustained the recent surge in inflation is.
Megacap tech firms Microsoft Corp and Google owner Alphabet Inc rose to help offset a 3.5% drop in Tesla Inc shares., after Elon Musk said the company had not signed a contract with Hertz.
Tesla shares closed at an all-time high on Monday and have gained nearly 18% since the company’s market value crossed $ 1 trillion last week.
Source From: Ambito
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