The S&P 500 and Dow Jones Indexes recorded their highest closing levels on Tuesday, supported by gains in shares of technology companies and retail giant Walmart.
In terms of market performance, the Dow Jones Index rose 0.17% to 86.13 points, the S&P 500 strengthened 0.16% to 10.99 points and the Nasdaq Composite rose 0.26% to 62.56 points.
Walmart shares jumped 3%, thus giving a boost to the S&P 500 and Nasdaq after the retail giant moved its stock listing from the NYSE to the Nasdaq in December last year.
Consumer staples stocks rose 1.4% and led the market's gains, while the technology sector also recorded growth.
Meanwhile, shares of banking institutions and credit card firms are under pressure after US President Donald Trump called for a one-year cap on credit card interest rates to be set at 10% for one year, starting January 20.
Market attention is now on US Consumer Price Index data to be released at 9:30 tonight Malaysia time.
The report risks influencing the direction of interest rate cuts by the Federal Reserve (Fed).
Most investors are now putting aside concerns about the US Department of Justice (DOJ) criminal investigation into Fed Chairman Jerome Powell.
