NEW YORK, June 22 — Stocks on global indexes rose sharply on Tuesday, with major US stock indexes each ending up more than 2 per cent following a recent selloff, while the Japanese yen fell against the US dollar to its lowest level since October 1998.
But, Nolte said, “interest rates are still going higher. Oil is still going higher.” Energy shares climbed along with oil prices. Oil gained on high summer fuel demand. The S&P 500 energy index jumped 5.1 per cent. US Treasury yields were higher as the risk-off mode that weighed on US markets last week took a breather.
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