Stocks Rise, Bond Yields Rise With December’s Upcoming Price Data in Focus

Stocks Rise, Bond Yields Rise With December’s Upcoming Price Data in Focus
A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York on Jan. 5, 2023. Andrew Kelly/Reuters
Reuters
Updated:

NEW YORK, LONDON—Wall Street’s major stock averages closed higher on Tuesday, steadying in the afternoon after early volatility while Treasury yields rose as investors waited anxiously for U.S. inflation data due later in the week.

The U.S. dollar was little changed versus the euro and other major currencies, hovering close to its weakest level in seven months as investors positioned themselves ahead of the December consumer price data due on Thursday.