US stocks finished significantly higher on Tuesday with the Dow closing at a new all-time high (boosted by a 4.4 per cent increase in Walmart’s stock. The S&P 500 rose 0.23 per cent, while the Dow Jones Industrial Average gained 0.31 per cent, while the Nasdaq got a 0.11 per cent lift. So the US stock market continues to march on steadily having hit countless all-time highs this year. US government bonds rose yesterday after the recent declining trend. The yield on the benchmark 10-year Treasury note settled at 2.34 per cent, down from 2 bps from Friday.
In overnight trading in Asia, most indices are significantly higher. Japan's Nikkei is very close to a 21 year high. In Taiwan, where the market started after a four-day holiday is playing catch up rising 1.1 per cent and in Australia briefly the S&P/ASX 200 is up 0.6 per cent.