Global markets shrugged off Monday’s weak data from China, with some major indices hitting fresh records as traders looked ahead to corporate earnings later this week.
But oil prices fell as markets were unimpressed with a pledge by China’s finance minister to boost the world’s second-biggest economy.
On Wall Street, all three major indices finished higher ahead of a slew of high-profile corporate earnings from companies including Netflix, Bank of America, and Goldman Sachs.
The broad-based S&P 500 and the Dow Jones Industrial Average hit fresh records, while tech-rich Nasdaq Composite rose on the back of a 2.4 percent increase in the share price of chipmaker Nvidia.
Traders now value the US-based chip designer at more than $3.4 trillion, making it the world’s second-most valuable publicly traded company, after Apple.
The market “just continues to sort of squeeze…
