US stocks climbed and bonds retreated on Tuesday, with regional bank shares leading the gains after the collapse of Silicon Valley Bank drove sharp declines in the previous session.
Wall Street’s benchmark S&P 500 index closed up 1.7 per cent, while the tech-heavy Nasdaq Composite added 2.1 per cent after fresh data showed that US consumer price inflation had slowed to an annual rate of 6 per cent in February, in line with economists’ forecasts.
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