US stocks continue scaling new heights, Nasdaq outperform

Major US equity indices witnessed a flat to positive opening on Tuesday as investors digested a deal to end a three-day federal government shutdown and turned their attention to quarterly earnings.

The waning of political uncertainty allowed investors to focus more on strengthening the economy and corporate earnings, with a bunch of upbeat corporate results helping all the three major indices to carve fresh intraday records immediately after the opening bell. 

Despite concerns about overstretched valuations at current levels, robust global growth expectations should remain supportive of the upbeat investors' sentiment and add fuel the recent bullish run-up. 

During the opening hour of trade, the Dow Jones Industrial Average head near break-even level, around 26,210, while the broader S&P 500 Index added nearly 5-points to 2,837. Meanwhile, tech-heavy outperformed the broader indices, supported by better-than-expected Netflix results, and climbed over 35-points to 7,445.
 

Gold surrenders daily gains amid reviving USD demand

   •  US bond yields halt the bearish slide and exert some pressure.     •  Global risk-on trade dampens safe-haven appeal. Gold finally broke down
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