NEW YORK: US stocks closed higher to record their sixth gain in seven sessions in muted trading on Tuesday, buoyed by gains in technology shares as expectations the Federal Reserve will cut interest rates next week remain elevated.

Equities declined on Monday amid soft data on the manufacturing sector, a jump in US Treasury yields as Japanese bond yields surged, and a drop in bitcoin and crypto-related stocks. But with a dearth of economic data for the session, the rise in bond yields eased and bitcoin rebounded, which enabled stocks to recover somewhat as the focus shifted to the Fed.