Here’s what’s happening in the markets today.
The S&P 500 rose 0.6 percent in midday trading Tuesday after the index ended slightly lower on Monday. The Nasdaq composite ticked up 0.4 percent on Tuesday.
The Stoxx Europe 600 closed with a 0.2 percent gain. Asian markets were mixed.
Oil prices fell, with West Texas Intermediate, the U.S. crude benchmark, down 0.8 percent to $70.66 a barrel.
BMW fell 4.2 percent, while Stellantis, which owns Jeep, Peugeot and Fiat, rose 4.5 percent. Both carmakers reported large increases in profit in their quarterly earnings report on Tuesday, but warned that a global shortage of semiconductors is continuing to disrupt production.
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