US equity indexes closed higher Tuesday amid growing expectations of a Federal Reserve interest rate cut in December following declines in consumer confidence and retail sales.
* The likelihood of a 25-basis-point interest rate cut in December rose to 83.8%, according to the CME FedWatch Tool.
* US consumer confidence fell in November, with the Conference Board's index dropping to 88.7 from 95.5 in October, missing Bloomberg's survey estimate of 93.3.
* US retail sales rose 0.2% in September, slowing from a revised 0.6% increase in August and falling short of economists' expectations for a 0.4% gain, according to data from the Census Bureau.
* January West Texas Intermediate crude oil fell $0.89 to settle at $57.95 per barrel, while January Brent crude, the global benchmark, was last seen down $0.88 to $62.49.
* Keysight Technologies (KEYS) shares were up nearly 10%, the top gainer on the S&P 500 after the company posted stronger-than-expected fiscal Q4 results and an upbeat quarterly outlook.
* Advanced Micro Devices (AMD) shares fell about 4.5% after The Information reported Monday that Meta Platforms (META) is planning on using artificial intelligence chips designed by Alphabet's (GOOG, GOOGL) Google unit. Nvidia's (NVDA) shares also dropped roughly 2.9%
