Stocks on Wall Street rose on Tuesday as strong company earnings and economic data offset worries about the spread of the Delta coronavirus variant and fears over another regulatory clampdown from Beijing.
The blue-chip S&P 500 closed 0.8 per cent higher in New York, its best performance in more than a week. The tech-focused Nasdaq Composite climbed 0.6 per cent.
Investor sentiment was lifted by June data for US factory orders, which typically feed into estimates of gross domestic product. New orders for goods rose 1.5 per cent on the month before, well above the consensus estimate of 1 per cent.
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