Gold for April delivery rose $7, or 0.5%, to settle at $1,298.10 an ounce on Tuesday after losing 0.6% on Monday.
The dollar fell more steeply shortly after data revealed that the USA consumer-price index climbed 0.2% in February, matching market expectations, while the cost of living over the past year slowed again to 1.5% from 1.6%.
The S&P 500 index rose 6 points, or 0.2 percent, to 2,789.
OK, but why would Boeing's terrible day affect the Dow so much and not the S&P?
The S&P 500 index rose 11 points, or 0.4 percent, to 2,795.
The Dow Jones Industrial Average rose 167 points, or 0.7 per cent, to 25,722.
Boeing Co, the world's largest planemaker and best-performing Dow component this year by a wide margin, ended down 5.3 percent at $400.01, registering its biggest one-day percentage drop since October 29, after many airlines grounded the company's new 737 MAX 8 passenger jet following the second fatal crash involving the aircraft in just five months.
Technology stocks powered the market's early gains.
Visa (NYSE:) rose 1%, as Exxon Mobil (NYSE:) increased 1.3% and Goldman Sachs (NYSE:) was up 1.4%.
U.S. stocks jumped on Monday as the technology sector led a broad-based rebound following five straight sessions of losses, but a fall in Boeing's shares limited the Dow's advance after a deadly airline crash in Ethiopia. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis, the US Labor Department said on Tuesday. Fifth Third Bancorp rose 1.3 percent.
The 2-yr yield declined three basis points to 2.44%, and the 10-yr yield declined four basis points to 2.61%.
The dollar strengthened to 111.29 Japanese yen from 111.21 yen on Monday. In a note this morning, Nomura Instinet's Frank Cappelleri recommended watching the small-cap Russell 2000 and the Dow Jones Transportation Average, which have dropped 4.3% and 3.3% last week, significantly underperforming the S&P 500. The euro rose to $1.1297 from $1.1240.
Technology stocks were among the biggest gainers, with Apple (NASDAQ:) up 2.2%, Facebook (NASDAQ:) gaining 2.5% and Amazon.com (NASDAQ:) rising 1.1%.
Bullion prices ended higher at Comex on Tuesday, 12 March 2019.
The price of USA crude oil rose 8 cents to $56.87 a barrel, while Brent crude rose 9 cents to $66.67 a barrel.
The handheld device of trader Sal Suarino is reflected in his glasses as he works on the floor of the New York Stock Exchange, Tuesday, March 12, 2019.