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US sharemarkets rose on Tuesday as investors assessed a mixed producer prices report and awaited crucial consumer prices data expected on Wednesday to provide more clarity on the US interest rate path. US producer prices increased more-than-expected in April but US Federal Reserve Chair Jerome Powell said the report was more mixed than hot given that prior-period data was revised lower. Chipmaker Nvidia and electric vehicle giant Tesla led gains in the "Magnificent Seven" megacaps, up between 1.1% and 3.3%. Super Micro Computer jumped 5.1% after GQG Partners reported a new position in the server company. US-listed shares of Alibaba slid 6% after it reported an 86% drop in fourth-quarter profit. Home Depot fell 0.1% after the retailer posted a bigger-than-expected drop in quarterly same-store sales. Visit CommSec’s Market News hub: https://www.commsec.com.au/market-new... Follow us on Twitter: / commsec Follow Us On Instagram: / commsec Subscribe to CommSecTV: / commsectv