Yahoo Finance Stocks - Wall Street Rises as Turkish Lira Rebounds
Investing.com - Wall Street rallied on Tuesday, as a stronger Turkish lira bolstered investor sentiment.
The S&P 500 rose 7 points, or 0.26%, to 2,832.75 as of 9:38 AM ET (13:38 GMT), while the Dow increased 36 points, or 0.14%, to 25,251.0 and the tech-heavy Nasdaq Composite gained 22 points, or 0.30%, to 7,438.50.
The Turkish lira rallied on Tuesday, breaking a 5-day losing streak after the country's central bank pledged to provide liquidity in response to a meltdown that has unsettled global markets.
The struggling currency sank to an all-time low of 7.1289 on Monday amid growing concern over a deepening diplomatic rift with the United States over Ankara's detention of Andrew Brunson, an American pastor detained in 2016.
In earnings news, Home Depot (NYSE:HD) fell 0.70% despite its earnings coming in higher than expected. Meanwhile, Apple (NASDAQ:AAPL) increased 0.62%, while Twitter (NYSE:TWTR) surged 1.43% and Square (NYSE:SQ) jumped 2.28% after the payments company expanded its Bitcoin service to users in all 50 U.S. states.
Elsewhere, Tesla (NASDAQ:TSLA) fell 0.26% while Chinese e-commerce company Jd.Com (NASDAQ:JD) slumped 3.17%.
In Europe, stocks were down. Germany’s DAX fell 3 points, or 0.03%, while in France the CAC 40 decreased 3 points, or 0.06%, and in London, the FTSE 100 was down 22 points, or 0.30%. Meanwhile the pan-European Euro Stoxx 50 lost 5 points, or 0.16%, while Spain’s IBEX 35 slumped 30 points, or 0.32%.
In commodities, gold futures rose 0.33% to $1,202.90 a troy ounce, while crude oil futures increased 1.44% to $68.17 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.07% to 96.23.
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