Here’s what happened in markets today.
The S&P 500 rose 0.8% on Tuesday, hitting a new high. The Nasdaq composite rose 0.6%.
The Stoxx Europe 600 closed with a gain of 0.2%. Asian markets were mixed.
Oil prices fell as West Texas Intermediate, the benchmark for US crude, fell 0.9% to $ 70.61 per barrel.
BMW fell 4.2%, while Stellantis, owner of Jeep, Peugeot and Fiat, rose more than 5%. Both automakers reported sharp profit increases in their quarterly earnings report on Tuesday, but warned that a global semiconductor shortage continued to disrupt production.
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