NEW YORK, New York – A spike in U.S. Treasury yields which saw 10-year notes hit 4.80 percent dented stocks on Wall Street Tuesday.

Better-than-expected retail figures hit bond markets pushing yields higher and stocks lower.

“It’s more the bond market driving the stock market at this point,” Chris Zaccarelli, chief investment officer of the Independent Advisor Alliance told CNBC Tuesday.

“You’re seeing the trend that we’ve seen for the last two months reassert itself,” Zaccarelli said.

Purchases of motor vehicles, and strong turnovers at restaurants and and bars underwrote the September retail figures.

“The economy looks like it is getting used to the new normal of interest rates being higher for longer because shoppers are not taking a break,” Christopher Rupkey, chief economist at FWDBONDS told Reuters Tuesday. “Fed officials have another rate hike this year up on their forecast board, and they will need to use it, if the economic data continues to surprise economists on the upside.”

Following are the closing quotes for the major indices:

S&P 500 (^GSPC)

• Closing Value: 4,373.20
• Change: -0.43
• Percent Change: -0.01 percent
• Trading Volume: 2.312 billion shares

The Standard and Poor’s 500 closed at 4,373.20, marking a marginal decrease of -0.43 points, or -0.01 percent. Trading volume for this index reached 2.312 billion shares. The S&P 500 showed resilience amid slight fluctuations.

Dow Jones Industrial Average (^DJI)

• Closing Value: 33,997.65
• Change: +13.11
• Percent Change: +0.04 percent
• Trading Volume: 278.879 million shares

The Dow Jones Industrial Average finished at 33,997.65, registering an increase of +13.11 points, or +0.04 percent. Trading volume for this iconic index reached 278.879 million shares, demonstrating its steady performance.

NASDAQ Composite (^IXIC)

• Closing Value: 13,533.75
• Change: -34.24
• Percent Change: -0.25 percent
• Trading Volume: 3.798 billion shares

The NASDAQ Composite closed at 13,533.75, experiencing a drop of -34.24 points, equivalent to -0.25 percent. With a trading volume of 3.798 billion shares, the NASDAQ faced some downward pressure during the trading day.

World Foreign Exchange Market Report for Tuesday

In the fast-paced world of international currency exchange, traders and investors witnessed a mix of movements in the foreign exchange market on Tuesday. Here are the latest quotes and changes for some of the most closely watched currency pairs:

EUR/USD (Euro/US Dollar)

• Opening Rate: 1.0573
• Percent Change: +0.13 percent (+0.00137)

The Euro made a slight gain against the U.S. Dollar, edging up by 0.13 percent to reach a rate of 1.0573.

USD/JPY (US Dollar/Japanese Yen)

• Opening Rate: 149.75
• Percent Change: +0.17 percent (+0.25)

The Japanese Yen, eased 0.17 percent to 149.75.

USD/CAD (US Dollar/Canadian Dollar)

• Opening Rate: 1.3644
• Percent Change: +0.25 percent (+0.0034)

The Canadian Dollar, strengthened by 0.25 percent to reach 1.3644.

GBP/USD (British Pound/US Dollar)

• Opening Rate: 1.2181
• Percent Change: -0.25 percent (-0.0030)

In contrast, the British Pound slipped by 0.25 percent, leading to a rate of 1.2181 against the US Dollar. This decline signals a minor setback for the British Pound.

USD/CHF (US Dollar/Swiss Franc)

• Opening Rate: 0.9003
• Percent Change: +0.05% (+0.0004)

The Swiss Franc advanced by 0.05 percent to reach 0.9003.

AUD/USD (Australian Dollar/US Dollar)

• Opening Rate: 0.6361
• Percent Change: +0.31 percent (+0.0019)

The Australian Dollar saw a notable increase against the U.S. Dollar, surging by 0.31 percent to close at 0.6361.

NZD/USD (New Zealand Dollar/US Dollar)

• Opening Rate: 0.5895
• Percent Change: -0.52% (-0.0029)

On the flip side, the New Zealand dollar experienced a decrease of 0.52 percent, resulting in a rate of 0.5895 against the U.S. Dollar.

Global Stock Markets Rally Tuesday: Gains Across the Board

In a day of global stock market trading, indices around the world witnessed moderate to substantial gains, with positive sentiment prevailing among investors. Here is a roundup of the latest world stock market quotes for Tuesday:

CANADA

S&P/TSX Composite Index (^GSPTSE)

• Closing Value: 19,692.80
• Change: +72.00
• Percent Change: +0.37 percent

The S&P/TSX Composite Index concluded at 19,692.80, marking a notable increase of +72.00 points, or +0.37 percent. This Canadian index displayed a robust performance, experiencing gains throughout the day.

UNITED KINGDOM

FTSE 100 (London, UK) The FTSE 100 Index, representing the London Stock Exchange, closed at 7,675.21, reflecting an increase of 44.58 points, or 0.58 percent, as traders and investors found comfort in the positive momentum.

EUROPE

DAX PERFORMANCE-INDEX (Frankfurt, Germany) The DAX PERFORMANCE-INDEX in Frankfurt recorded a closing value of 15,251.69, gaining 13.70 points, equivalent to a rise of 0.09 percent.

CAC 40 (Paris, France) The CAC 40, an indicator of the French stock market, concluded the trading session at 7,029.70, up by 7.51 points, or 0.11 percent.

ESTX 50 PR.EUR (Eurozone) The Eurozone’s ESTX 50 PR.EUR posted a slight rise of 2.46 points, or 0.06 percent, concluding the day at 4,152.32.

Euronext 100 Index (Euronext) The Euronext 100 Index gained 0.65 points, representing a 0.05 percent increase, finishing at 1,314.38.

BEL 20 (Brussels, Belgium) The BEL 20, which tracks the Belgian stock market, experienced a minimal downturn of -0.45 points, marking a decrease of -0.01 percent, ending the session at 3,517.95.

RUSSIA

MOEX Russia Index (Moscow, Russia) The MOEX Russia Index closed at 2,222.51, registering a decrease of -4.14 points, equivalent to -0.19 percent.

ASIA

Nikkei 225 (Tokyo, Japan) Japanese stocks saw strong gains as the Nikkei 225 surged to 32,040.29, marking an impressive rise of 381.26 points, or 1.20 percent.

HANG SENG INDEX (Hong Kong) The Hang Seng Index in Hong Kong showed resilience, with a notable increase of 132.98 points, or 0.75 percent, closing at 17,773.34.

SSE Composite Index (Shanghai, China) Chinese stocks on the SSE Composite Index advanced by 9.68 points, or 0.32 percent, settling at 3,083.50, with robust trading volume at 132.155 million shares.

Shenzhen Index (Shenzhen, China) In Shenzhen, the Shenzhen Index witnessed a steady gain of 15.30 points, equivalent to 0.15 percent, reaching 9,940.22, with trading volume standing at 600.896 million shares.

STI Index (Singapore) Singapore’s STI Index recorded a gain of 7.94 points, or 0.25 percent, reaching 3,171.83.

S&P BSE SENSEX (Mumbai, India) Indian equities on the S&P BSE SENSEX advanced by 261.16 points, or 0.39 percent, closing at 66,428.09.

NIFTY 50 (Mumbai, India) The NIFTY 50 in Mumbai, India, experienced an upswing of 79.75 points, or 0.40 percent, to close at 19,811.50.

IDX COMPOSITE (Jakarta, Indonesia) The IDX COMPOSITE in Jakarta, Indonesia, witnessed a robust gain of 43.32 points, reflecting a growth of 0.63 percent, closing at 6,939.62.

FTSE Bursa Malaysia KLCI (Kuala Lumpur, Malaysia) The FTSE Bursa Malaysia KLCI registered a positive movement, increasing by 5.17 points, or 0.36 percent, reaching 1,444.13.

KOSPI Composite Index (Seoul, South Korea) The KOSPI Composite Index in Seoul, South Korea, witnessed substantial growth, surging by 23.93 points, or 0.98 percent, to reach 2,460.17.

TSEC weighted index (Taipei, Taiwan) Taiwan’s TSEC weighted index experienced a minor downturn, decreasing by -9.69 points, equivalent to -0.06 percent, closing at 16,642.55.

OCEANIA

S&P/ASX 200 (Sydney, Australia) The S&P/ASX 200 in Sydney closed at 7,056.10, showing a growth of 29.60 points, or 0.42 percent.

ALL ORDINARIES (Sydney, Australia) The ALL ORDINARIES index in Sydney exhibited growth, rising by 29.80 points, or 0.41 percent, to close at 7,244.40.

S&P/NZX 50 INDEX GROSS (Wellington, New Zealand) In New Zealand, the S&P/NZX 50 INDEX GROSS showed a steady rise, gaining 29.29 points, or 0.26 percent, to close at 11,214.37.

AFRICA

Top 40 USD Net TRI Index (Johannesburg, South Africa) In South Africa, the Top 40 USD Net TRI Index experienced a modest dip of -3.40 points, amounting to -0.09 percent, ending the trading session at 3,847.87.

MIDDLE EAST

TA-125 (Tel Aviv, Israel) The TA-125 in Tel Aviv, Israel, recorded a decrease of -6.74 points, marking a downturn of -0.39 percent, closing at 1,704.03.

EGX 30 Price Return Index (Cairo, Egypt) Egypt’s EGX 30 Price Return Index exhibited an outstanding performance, soaring by 1,041.70 points, equivalent to an impressive 4.95 percent, with a trading volume of 327.024 million shares.

Investors and analysts remain optimistic about the global market’s performance, with favorable economic indicators driving positive sentiment and investment strategies worldwide.