Wall Street Inches Higher Amidst Mixed Signals

Wall Street's main indexes inched higher as mining stocks surged following China's stimulus package. However, gains were limited due to concerns over U.S. consumer confidence and Federal Reserve policy. Visa slipped on antitrust lawsuit reports, and U.S.-listed Chinese firms jumped on domestic market gains.

In a mixed trading session, Wall Street's main indexes edged up on Tuesday, led by mining stocks following China's aggressive stimulus measures. However, gains were curtailed due to deteriorating U.S. consumer confidence and uncertainties about Federal Reserve policy decisions.

Notably, Visa shares slid after reports that the U.S. Department of Justice plans to file an antitrust lawsuit against the company, alleging monopolistic practices in the debit card market. This weighed heavily on the financial sector.

Meanwhile, U.S.-listed Chinese firms, including Alibaba and PDD Holdings, saw significant gains, mirroring domestic market trends bolstered by China's economic moves. Technology stocks presented a mixed bag, with Nvidia advancing and Microsoft retreating.

(With inputs from agencies.)