The U.S. Commerce Department released wholesale inventories on Tuesday. Wholesale inventories in the U.S. rose 0.4% in April, beating expectations for a 0.2% gain, after a 0.2% increase in March. March's figure was revised up from a 0.1% rise.

Inventories of durable goods increased 0.1% in April, while inventories of non-durable goods gained 0.8%.

Wholesale sales climbed by 1.6% in April, after a 0.3% decline in March.