USA dollar, yields rise; stocks slip from record highs

USA dollar, yields rise; stocks slip from record highs

It closed at 9.77, lowest since December 1993.

The S&P 500 opened at an all-time record 2,401 points and the VIX index of implied volatility - known as the Wall Street "fear gauge" - fell to 9.56 points, the lowest since late 2006.

Emmanuel Macron's victory in the French presidential election and strong USA corporate results have calmed the markets. The energy group, which had slumped last week to its lowest since September, rose 1.6 per cent.

Volatility will return, she said, and it may come when the Federal Reserve starts to shrink its $4.5 trillion balance sheet.

At 12:28 p.m. ET, the Dow Jones Industrial Average .DJI was down 1.33 points, or 0.01 percent, at 21,010.95, the S&P 500 .SPX was up 0.85 points, or 0.03 percent, at 2,400.23 and the Nasdaq Composite .IXIC was up 23.68 points, or 0.39 percent, at 6,126.34.

In commodities, oil market sentiment swung between optimism over statements from major oil-producing countries that supply cuts could be extended into 2018 and lingering concerns over slowing demand and a rise in US crude output.

Copper bounced from a four-month low touched on Monday after data showed a sharp drop on imports by China, the world's biggest consumer. Last week, the primary indicator used to gauge USA equity volatility, the CBOE VIX index, traded under $10 for the first time since 2007.




(MAR) were all trading higher after reporting better-than-expected quarterly results.

Shares of Kate Spade jumped 8.31 per cent after bigger rival Coach Inc said it would buy the handbag maker for $2.4-billion to increase its exposure to millennial shoppers.

Since Donald Trump's election in November the S&P 500 has risen almost 14 percent, raising questions about market valuations.

Straight Path STRP.A surged more than 16 percent to $187.51 after an unnamed telecommunications company raised its offer to buy the wireless spectrum holder for about $3.1 billion.

Declining issues outnumbered advancing ones on the NYSE by a 1.23-to-1 ratio; on Nasdaq, a 1.22-to-1 ratio favored decliners.

NEW YORK, May 9 (Reuters) - Wall Street opened higher on Tuesday, with the S&P 500 and Nasdaq touching all-time intraday peaks, as US equities tracked European stocks and global bond yields.

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