Apollo Global Management, one of the biggest creditors to Wolfspeed, is in talks with investment bank Moelis about a restructuring, The Wall Street Journal reported Tuesday.

Stocks closed mostly higher on Tuesday after the release of encouraging inflation data, adding to big gains posted the previous session following a de-escalation in the trade spat between the U.S. and China.

Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.

MSCI's global equities index lost ground on Monday on the latest uncertainty around tariffs while oil prices fell on the prospect of production increases and U.S. bond yields rose.

US STOCKS are on a tear. The S&P 500 has risen for nine consecutive days – the first time it has done so in nearly 21 years – rebounding by 14 per cent from the recent low. It was also the best nine-day winning streak in percentage gains in history.

FTSE 100 futures are up 0.4%, lagging behind bigger moves higher for Europe and the US on optimism about trade progress between the US and China. The pound is down 0.2%, back below $1.33, though that’s down to a degree of dollar strength.

The dollar fell and major U.S. stock indexes rose on Tuesday on news that U.S. consumer inflation picked up less than expected in April when President Donald Trump unveiled a raft of tariffs that has wreaked havoc on global markets.

By the closing bell, the blue-chip Dow Jones Industrial Average was up 0.7% to 41,113, the broad-based S&P 500 had risen 0.4% to 5,631, while the tech-heavy Nasdaq Composite was higher by 0.3% to 17,738.

US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,