The S&P 500 edged higher on Tuesday, securing another record close.
The broad market index gained 0.05 per cent, finishing at 6,049.88. The Nasdaq Composite rose 0.40 per cent, closing at 19,480.91, after reaching a new intraday high earlier in the session. Both the S&P 500 and the tech-heavy Nasdaq ended at record levels. The Dow Jones Industrial Average lagged, dropping 76.47 points, or 0.17 per cent, to settle at 44,705.53.
Stocks have experienced a strong rally since the U.S. presidential election. The S&P 500 has risen 4.6 per cent, while the Nasdaq has surged around 5.7 per cent. The Dow has gained 5.9 per cent over the same period.
US 10-year yields edged higher, touching 4.22 per cent, while the likelihood of a rate cut by the Federal Reserve is now higher than it was recently, at 71.2 per cent.
US job openings saw a surprising increase to 7.744 million in October, a number above analyst expectations.
Elsewhere, South Korean assets tumbled after a brief declaration of martial law by the president. Investors are concerned about the political instability, but parliament quickly voted to overturn the decree, and the president subsequently said he would withdraw it.
Bitcoin experienced a dip earlier but quickly recovered.
Looking at the local markets, the SPI futures are pointing to a 0.4 per cent fall.
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