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PHNOM PENH: The CSX Index is currently at 503.59 Points up 0.09 Points or 0.02% The Daily Exchange Rate: is 4,058KHR to the USD$ S&P 500, Nasdaq end up but investors cautious before inflation data.

The S&P 500 and Nasdaq ended higher on Tuesday (May 10), with big growth shares rising after the previous day's selloff as Treasury yields eased.

At the same time, bank shares fell. The yield on the benchmark 10-year note tumbled from more than a three-year high to below 3%.

The day's trading was choppy, with major indexes moving between gains and losses as investors were also nervous ahead of the release of Wednesday's U.S. consumer price index data and Thursday's producer prices data.

Investors will be looking for signs that inflation is peaking.

“I think CPI tomorrow is important in the sense that it's going to give us an idea if inflation is actually starting to come down and if it is, that could be a huge catalyst as a positive for market prices to start going up again because inflation is going down, wages are staying up. That's a great combination for the market," said Ryan Payne, president of Payne Capital Management in New York.

The S&P 500 gained 9.76 points, or 0.24%, to end at 4,001.00 points, while the Nasdaq Composite gained 114.423 points, or 0.98%, to 11,737.671.

The Dow Jones Industrial Average fell 84.96 points, or 0.26%, to 32,160.74.

Asian shares edge up from near two-year lows as U.S. inflation data looms.

Asian shares squeezed higher on Wednesday from close to two-year lows hit in the previous session while the dollar held steady, ahead of keenly awaited U.S. inflation data that will offer a guide to how aggressively the Federal Reserve will raise rates.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.8%, having fallen to its lowest since July 2020 the day before. Japan's Nikkei (.N225) gained 0.3%.

European markets also were set to open higher, with EUROSTOXX 50 futures up 0.7%. Nasdaq futures added 0.8% and S&P 500 futures gained 0.4%.

Chinese blue chips (.CSI300) led Asia's gains, rising 2% helped by Shanghai officials saying half the city had achieved "zero COVID" status, and U.S. President Joe Biden saying he was considering eliminating Trump era tariffs on China as a way to lower prices for goods in the United States.

Bitcoin was trading around $31,700, having staged a small recovery after falling below $30,000 on Tuesday for the first time since July 2021.

Oil bounced back from declines the previous day as markets try to balance concerns that China's zero COVID policy will impact demand and that a proposed European Union ban on Russian oil will hit supply.

U.S. crude rose 2.36% to $102.08 a barrel, having fallen below $100 on Tuesday for the first time this month. Brent rose 2.34% to $104.85.

Spot gold as steady at to $1838.7 an ounce.

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