Wall Street shares mixed as traders position for rate hikes, oil jumps

Unofficially, the Dow Jones Industrial Average rose 0.54% to end at 35,813.28 points, while the S&P 500.SPX gained 0.17% to 4,690.69. The Nasdaq Composite dropped 0.5% to 15,775.14.

WASHINGTON/LONDON: Wall Street shares were mixed on Tuesday and the dollar slipped from a 16-month high as investors positioned for interest rate hikes in 2022 after Federal Reserve Chairman Jerome Powell was nominated for a second term.

European shares slumped to a three-week low during their biggest daily loss in nearly two months as a resurgence in COVID-19 cases raised fears of tighter restrictions.