Wall Street up on healthcare; gold falls
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Major stock markets rose on Tuesday, with the U.S. S&P 500 index nearing its all-time intraday high, while the dollar rallied from a one-month low against the yen on bets the Bank of Japan will announce further monetary easing steps this week.
Gold fell to a 2-1/2 week low, pressured by a strengthening dollar and as investors moved away from safe havens and bought stocks. Other commodities retreated, with copper falling to a seven-month low on worries about global economic growth.
Investors looked toward policy meetings this week by the Bank of Japan and the European Central Bank, along with the U.S. government's release on Friday of its payrolls report for March.
On Wall Street, stocks rebounded from the previous session's decline. Healthcare shares surged on brighter earnings prospects as the U.S. government dropped plans to decrease payments for private Medicare Advantage insurers, opting instead to raise them by 3.3 percent.
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