Dow trims gains, Nasdaq wavers in final hour of trade as stocks attempt to end four-day skid

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U.S. stock indexes traded mostly higher in the final hour of trade on Tuesday, in an attempt to snap a four-day losing streak after the Bank of Japan’s surprise policy change sent global bond yields higher. The Dow Jones Industrial Average DJIA, +0.28% rose 66 points, or 0.2% to 32,825. The S&P 500 SPX, +0.10% gained 0.1%, while the Nasdaq Composite COMP, +0.01% was nearly flat at 10,540. The Bank of Japan said Tuesday the yield on the 10-year Japanese government bond could rise as high as 0.5% from a previous cap of 0.25%, causing the Japanese yen to advance more than 3% against the U.S. dollar. The ICE U.S. Dollar Index, a gauge of the dollar’s strength against a basket of rivals, fell by 0.6% to 104.10. Precious metals prices also rallied on Tuesday, with the most-active gold contract settling at its highest level in a week. The most-active silver futures finished at the highest level in eight months, according to Dow Jones Market Data.

This article was originally published by Marketwatch.com. Read the original article here.

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