NEW YORK, New York – U.S. stocks spent most of Tuesday meandering, with the major indices closing out the day mixed. Tech stocks did best.
“Today is just a little bit of an unwinding of the theme of November,” Rhys Williams, chief strategist at Spouting Rock, told CNBC Tuesday.
“It’s too soon to draw any conclusions that somehow the risk-on trade is over.”
The S&P 500 closed at 4,567.18 points, experiencing a slight decline of 2.60 points or 0.06 percent. Market activity amounted to 2.296 billion shares traded.
The Dow Jones Industrial Average concluded at 36,124.56 points, marking a decrease of 79.88 points or 0.22 percent. The trading volume for the day reached 306.771 million.
The NASDAQ Composite showed resilience, closing at 14,229.91 points and gaining 44.42 points or 0.31 percent. Robust market activity was reflected in a significant trading volume of 5.582 billion shares.
Global Currency Markets Reflect Shift in Sentiment for U.S. Dollar
In the ever-evolving world of foreign exchange, Tuesday witnessed fluctuations in major currency pairs, shaping the landscape of the global market, with the U.S. dollar extending recent gains. Here’s a summary of the latest world foreign exchange market quotes:
The Euro experienced a marginal decline against the US Dollar, with the exchange rate closing at 1.0790. This reflects a decrease of 0.0045 or a reduction of 0.42 percent.
The US Dollar held steady against the Japanese Yen, settling at 147.20. The exchange rate remained unchanged, exhibiting a 0.00 percent movement, with a modest increase of 0.004.
The US Dollar strengthened against the Canadian Dollar, closing at 1.3586. This indicates a gain of 0.0050 or a positive movement of 0.37 percent.
The British Pound experienced a slight dip against the US Dollar Tuesday, closing at 1.2593. This reflects a decrease of 0.0039 or a reduction of 0.31 percent.
The US Dollar gained ground against the Swiss Franc, closing at 0.8753. This represents an increase of 0.002 or a positive movement of 0.30 percent.
The Australian Dollar saw a notable decline against the US Dollar, closing at 0.65561. This indicates a decrease of 0.0063 or a reduction of 0.96 percent.
The New Zealand Dollar experienced a modest decline against the US Dollar, closing at 0.6131. This reflects a decrease of 0.53 percent.
In a day marked by diverse performances, global stock markets experienced a mix of gains and losses on Tuesday, reflecting the dynamic nature of international trading. Losses however outranked gains.
In Canada, the S&P/TSX Composite index closed at 20,375.93 points, registering a decline of 34.28 points or 0.17 percent. The trading volume for the day reached 234.998 million.
In LONDON, the FTSE 100 (^FTSE) closed at 7,489.84 points Tuesday, showing a modest decline of 23.12 points, equivalent to a 0.31 percent decrease.
EUROPE
Conversely, the DAX PERFORMANCE-INDEX (^GDAXI) in Germany saw positive momentum, concluding at 16,533.11 points, up by 128.35 points or 0.78 percent.
The CAC 40 (^FCHI) in PARIS, France also posted gains, finishing at 7,386.99 points, reflecting an increase of 54.40 points, or 0.74 percent.
The broader European markets demonstrated positive movements, with the ESTX 50 PR.EUR (^STOXX50E) closing at 4,452.77 points, up by 37.82 points or 0.86 percent.
The Euronext 100 Index (^N100) inched up by 6.49 points or 0.48 percent to close at 1,369.97 points.
The BEL 20 (^BFX) in Belgium also experienced gains Tuesday, closing at 3,626.88 points, up by 33.34 points or 0.93 percent.
The Russian market, represented by the MOEX Russia Index (IMOEX.ME), saw a minor decline, closing at 2,222.51 points, down by 4.14 points or 0.19 percent.
ASIA
In the Asian markets, the Nikkei 225 (^N225) in Japan witnessed a downturn, closing at 32,775.82 points, down by 455.45 points or 1.37 percent.
Similarly, the HANG SENG INDEX (^HSI) in Hong Kong experienced a notable decline, reaching 16,327.86 points, down by 318.19 points or 1.91 percent.
Meanwhile, the Chinese markets demonstrated mixed results with the SSE Composite Index (000001.SS) and Shenzhen Index (399001.SZ) both ending in the red, down by 1.67 percent and 1.97 percent, respectively.
The KOSPI Composite Index (^KS11) in South Korea reported a decrease, closing at 2,494.28 points, down by 20.67 points or 0.82 percent.
In Taiwan, the TSEC weighted index (^TWII) closed at 17,328.01 points on Tuesday, down by 93.47 points or 0.54 percent.
The STI Index (^STI) in Singapore closed at 3,077.16 points, down by 6.92 points or 0.22 percent.
In Southeast Asia, the IDX COMPOSITE (^JKSE) in Indonesia closed at 7,100.85 points, up by 7.25 points or 0.10 percent.
The S&P BSE SENSEX (^BSESN) in India experienced positive momentum, closing at 69,296.14 points, up by 431.02 points or 0.63 percent.
The NIFTY 50 (^NSEI) in India closed at 20,855.10 points, up by 168.30 points or 0.81 percent.
The FTSE Bursa Malaysia KLCI (^KLSE), however, experienced a slight decline Tuesday, closing at 1,449.46 points, down by 1.56 points or 0.11 percent.
OCEANIA
The Australian market, represented by the S&P/ASX 200 (^AXJO), saw a decrease, closing at 7,061.60 points, down by 63.10 points or 0.89 percent.
The ALL ORDINARIES (^AORD) in Australia recorded a decrease, closing at 7,269.80 points, down by 66.30 points or 0.90 percent.
The S&P/NZX 50 INDEX GROSS (^NZ50) in New Zealand closed at 11,356.99 points, down by 10.82 points or 0.10 percent.
AFRICA
In Johannesburg, South Africa, the Top 40 USD Net TRI Index (^JN0U.JO) reported a decline Tuesday, closing at 3,918.03 points, down by 72.52 points or 1.82 percent.
MIDDLE EAST
The Israeli market, represented by the TA-125 (^TA125.TA), saw positive gains, closing at 1,832.90 points, up by 21.98 points or 1.21 percent.
In Egypt, the EGX 30 Price Return Index (^CASE30) closed at 25,127.90 points, down by 137.50 points or 0.54 percent, with a trading volume of 399.974 million.
Photo credit: Big News Network news agency
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