USA stock indexes end mostly higher, extending market’s gains

Apple rises after brokerage upgrades to'buy

Apple rises after brokerage upgrades to'buy

Technology and health care companies led US stock indexes mostly higher Tuesday, building on the market's solid gains from a day earlier.

The fall weighed on airline stocks and pushed the Dow Jones airlines index 2.6 percent lower.

The Dow Jones Industrial Index sharply dropped as a result early Monday, capping gains in the broader markets.

Shares in Southwest Airlines sank 2.12 percent while American Airlines lost 0.2 percent, United Continental gave up 0.8 percent. Conversely, the industrials and consumer staples sectors underperformed. Aviation officials in Ethiopia, China and Indonesia grounded fleets of the Max 8 jets Monday due to concerns about the model's safety, given that it has now been involved in two deadly crashes in less than five months.

"Investors are watching with interest to see the outcome of the Brexit vote today as it has been one of the uncertainties in the market that has been persistent". Both currencies saw muted reaction, with traders having mostly priced in the outcome. Hong Kong's Hang Seng fell 0.5 percent to 28,776.10, while the Shanghai Composite dipped 0.8 percent at 3,035.15.

Market participants on Tuesday received a print on the Bureau of Labor Statistic's Consumer Price Index for February. In electronic trading after the settlement, gold futures touched highs above $1,302, edging slightly higher after the Brexit vote.

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The Dow Jones Industrial Average rose 100 points, or 0.4 per cent, to 25,657.

The handheld device of trader Sal Suarino is reflected in his glasses as he works on the floor of the New York Stock Exchange, Tuesday, March 12, 2019. Signs of a supply crunch lingered and traders assessed the latest monthly US government price and output forecasts and allowed recent comments from energy officials to hold. That followed the crash of another 737 Max 8 crashed in Indonesia on October 29 that killed 189 people.

The S&P and Nasdaq futures edged higher on Monday after inflation data showed USA consumer prices in February rose for the first time in four months, but Boeing's fall for a second straight session pressured the Dow futures. Brent crude, used to price worldwide oils, added 70 cents to $67.28 per barrel in London.

The 2-yr yield declined three basis points to 2.44%, and the 10-yr yield declined four basis points to 2.61%.

Furthermore, while some investors feel the downward revision to December core retail sales could have an impact on the government's fourth-quarter gross domestic product estimate, others are saying the data may have been skewed by a 35-day partial shutdown of the federal government that ended on January 25.

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