US stocks climbed on Tuesday, with the S&P 500 and Nasdaq gaining 0.8% and 1.5% respectively to cap the quarter. The S&P 500 posted its strongest quarterly performance in six years, rising 14.9% over the past three months.

The Japanese yen slid to its weakest level since 1986, with the dollar fetching over 162 yen. This 3.5% decline this year has boosted tourism while raising living costs for Japanese citizens. Tokyo has already spent more than $70 billion in foreign-exchange reserves attempting to support the currency.

Home prices edged higher as the S&P Case-Shiller index rose 0.8% year-over-year through April. However, real home values fell for the eleventh consecutive month as inflation outpaced price growth. The Supreme Court also struck down federal limits on coordinated political spending in a 6-3 ruling.

Federal Reserve Chairman Kevin Warsh shortened the policy statement and declined to provide an interest-rate forecast at his first meeting. Despite less guidance, his tougher stance on inflation pushed bond yields higher and initially pressured stocks.