Global stocks rose on Tuesday, as traders moved back into riskier assets after the worst streak of weekly losses for equities since 2008.
Technology shares pushed Wall Street’s S&P 500 index 2 per cent higher, even as shares in Walmart — the world’s largest bricks-and-mortar retailer — slid over 11 per cent after inflationary pressures forced it to cut current-quarter earnings forecasts. Paramount Global and Citigroup — two shares revealed on Monday to have drawn investment from Warren Buffett in the first quarter — were both among the biggest risers.
The technology-heavy Nasdaq Composite added 2.8 per cent, after closing 1.2 per cent lower on Monday.
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