Today’s stock market: live updates from Dow, S&P for April 13, 2021

Photographer: Qilai Shen / Bloomberg

Asian equities rose on Tuesday, with U.S. equities hovering around record highs as investors watch the start of the corporate profit season and relatively smooth sales of government debt.

Shares rose in Hong Kong and Japan and fluctuated in China. US equities were stable after a slight decline in the S&P 500 index after three consecutive weeks of gains. Technological actions weakened, led by Intel Corp. how Nvidia Corp. incorporated its microprocessors market.

Bond yields rose slightly after three- and ten-year U.S. Treasury auctions attracted decent demand. The government is offering 30-year bonds on Tuesday.

A positive outlook for US growth should help corporate profits, although stocks appear precarious on these record highs, given the rises in Covid-19 cases and deployment of vaccines with problems in parts of the world. The potential for stronger inflation increases and borrowing costs are also important, as investors focus on U.S. consumer price data and the strength of demand in the Treasury bond auction. remaining.

“The real test will be when inflation starts to rise,” said Priya Misra, head of global type strategy at Bloomberg TV’s TD Securities. “That’s when rates will have to try again, either for a faster exit from the Fed, or for a later exit, but on a faster path.”

Elsewhere, President Joe Biden told companies struggling for a tightly restricted global semiconductor supply that he has bipartisan support for government funding to address a shortage that has slowed carmakers. Treasury Secretary Janet Yellen will do just that declines to refer to China as a currency manipulator in its first half-yearly currency report, according to people familiar with the issue, which allows the U.S. to avoid a new confrontation with Beijing.