Top
image credit: Adobe Stock

US stocks rise as investors digest upbeat economic data and latest developments in Russia

June 27, 2023

Category:

US stocks rallied on Tuesday as investors digested upbeat economic data and the latest developments in Russia after the Wagner Group’s weekend mutiny.

Supported by transportation spending, durable goods orders for May came in stronger than expected, easing concerns about a recession.

Meanwhile, the S&P CoreLogic Case-Shiller report showed that home prices rose 0.5% in April.

In Russia, the Kremlin said the Wagner mercenary group is prepared to hand over its heavy weapons.

Read More on Markets Insider