Evening Market Recap - Tuesday, 8-Aug

US equities were higher in Tuesday trading, ending just off their best levels at the close, with the Dow Jones, S&P500, and Nasdaq closing up 30bps, 97bps, and 145bps respectively. Busy day of Fedspeak. Today's Treasury auction of $58B in 3Y notes tailed, with softer bid-to-cover and weak foreign demand. Hurricane Milton rapidly intensifying and on a direct course for central Florida. China’s economic planning body announced no new stimulus. Israel considering a retaliatory strike against Iranian energy infrastructure.