Stock market today: Asian shares rise after eased pressure on bonds pushes Wall Street higher

Shares are higher in Asia, tracking Wall Street gains following an easing of pressure from the bond market. U.S. futures slipped and oil prices rose slightly. Investor sentiment got a boost from a report by Bloomberg, citing unnamed sources, that the Chinese government is considering boosting spending on construction to support the slowing economy. On Tuesday, the S&P 500 rose 0.5% and the Dow added 0.4%. The Nasdaq composite climbed 0.6%. Treasury yields eased considerably after trading resumed following a holiday on Monday. It was the first opportunity for yields to move since the weekend’s surprise attack by Hamas on Israel and since Federal Reserve officials gave speeches that suggested the Fed may not hike rates again.