U.S. stocks close higher

U.S. stocks ended higher on Monday.

The Dow Jones Industrial Average rose 95.31 points, or 0.19 percent, to 49,704.47. The Standard and Poor's 500 added 13.91 points, or 0.19 percent, to 7,412.84. The Nasdaq Composite Index increased 27.05 points, or 0.10 percent, to 26,274.13.

Six of the 11 primary Standard and Poor's 500 sectors ended in green, with energy and materials leading the gainers by going up 2.63 percent and 1.43 percent, respectively. Meanwhile, communication services and consumer staples led the laggards by dropping 2.33 percent and 0.76 percent, respectively.

U.S. stocks close higher

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 41 pips to 6.8426 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 6.8426 against USD Tuesday