Stocks were up slightly on Tuesday as investors looked to continue building on a solid start to 2023 while awaiting consumer data coming later in the week.
The Dow Jones Industrials regained 60.27 points to kick off Tuesday at 33,577.92.
The S&P 500 points recovered 7.42 points to 3,899.51. The S&P 500 was up about 1.1% in the first five days of trading for 2023 through Monday, which some say is a good omen for the rest of the year.
The NASDAQ Composite Index improved 46.9 points to 10,682.55.
Wells Fargo upgraded AT&T to overweight from an equal weight rating, saying that shares look more attractive than Verizon.
Fed Chair Jerome Powell spoke Tuesday before the bell to the need for the central bank to stay politically independent while responding to inflation. Futures were little changed in response to his remarks.
Prices for the 10-year Treasury fell back, raising yields to 3.59% from Monday's 3.53%. Treasury prices and yields move in opposite directions.
Oil prices took on 56 cents to $75.19 U.S. a barrel.
Gold prices climbed $6.40 to $1,884.20 U.S. an ounce.