Banking giants JPMorgan Chase, Citigroup and Wells Fargo together reported some US$28 billion in credit costs for current and future bad loans due to the hit from Covid-19 closures.
Tuesday's gains were led by growth-linked equities, such as oil companies including Exxon Mobil, which gained 3.3 per cent, and industrial giant Caterpillar, which rose 4.9 per cent.
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