US benchmark equity indexes closed mostly higher Tuesday, driven by a rally in Nvidia shares ahead of its quarterly financial results, as markets monitored escalating tensions between Russia and Ukraine. The Nasdaq Composite rose 1% to 18,987.5, while the S&P 500 increased 0.4% to 5,917. The Dow Jones Industrial Average fell 0.3% to 43,268.9.
Technology led the gainers among sectors, while energy and financials saw the biggest drops. Ukraine has attacked a Russian weapons arsenal with US-made missiles, CNN reported, citing two US officials. The Biden administration recently granted permission to Ukraine to use longer-range American weapons against targets in Russia, as noted in the report. The US 10-year yield fell two basis points to 4.39%, while the two-year rate was little changed at 4.28%. Chip-making giant Nvidia is scheduled to report its fiscal third-quarter results Wednesday.