Wall Street accelerates higher, Dow Jones gains 320 points
NEW YORK, New York — U.S. stocks rose strongly on Tuesday, adding to Monday’s gains. "You’re continuing to see money go into the market and not just technology," Michael James, managing director of equity trading at Wedbush Securities in Los Angeles told Reuters Tuesday. "It certainly helps when you’re seeing the large cap tech names today like Nvidia show relative strength from where they opened. But it’s continuing the overall bullish theme that’s been going on since the year started." Here are Tuesday’s closing quotes for the key indices: S&P 500 (^GSPC): The S&P 500 closed at 5,178.51, marking an increase of 29.09 points, or 0.56 percent. Dow Jones Industrial Average (^DJI): The Dow Jones Industrial Average ended the day at 39,110.76, up 320.33 points, or 0.83 percent. NASDAQ Composite (^IXIC): The NASDAQ Composite saw a modest gain, closing at 16,166.79, up 63.34 points, or 0.39 percent. Investors remained optimistic despite ongoing concerns about inflation and geopolitical tensions. Positive corporate earnings reports and hopes for continued economic recovery contributed to the upward momentum in the markets. Trading volume was moderate, with 2.148 billion shares traded on the S&P 500, 305.332 million shares on the Dow Jones Industrial Average, and 4.159 billion shares on the NASDAQ Composite. In Canada, trading volume stood at 202.321 million shares on the S&P/TSX Composite index. Market analysts noted that while uncertainties persist, the overall sentiment remains buoyant, supported by robust consumer spending and improving labor market conditions. Tuesday’s Global Foreign Exchange Markets Update — U.S. Dollar in Demand In the dynamic world of foreign exchange, currencies experienced mostly downward movements against the U.S. dollar in the latest trading session. Here are the latest exchange rates for Tuesday: EUR/USD: The euro edged lower against the U.S. dollar, with the pair trading at 1.0865. This represents a decrease of 0.06 percent or 0.0007 units. USD/JPY: The Japanese yen dropped sharply to 150.88 yen, a 4-month low. This marks a notable decrease of 1.17 percent or 1.74 yen. USD/CAD: Against the Canadian dollar, the greenback saw a modest rise, with the pair trading at 1.3564. This indicates a gain for the dollar of 0.22 percent or 0.0030 units. GBP/USD: The British pound dipped slightly, with the exchange rate at 1.2722. This reflects a decrease of 0.05 percent or 0.0005 units. USD/CHF: Against the Swiss franc, the dollar saw a marginal uptick, reaching 0.8881 francs. This represents a slight increase of 0.03 percent or 0.0003 units. AUD/USD: The Australian dollar weakened, with the pair trading at 0.6532. This signifies a decline of 0.40 percent or 0.0026 units. NZD/USD: Similarly, the New Zealand dollar experienced a downturn against the dollar, with the exchange rate at 0.6054. This marks a decrease of 0.50 percent or 0.0030. Global Markets Close with Mixed Performances on Tuesday Global stock markets displayed a mixed picture Tuesday as investors assessed various economic factors amid ongoing geopolitical tensions and concerns over inflation. Stocks in Canada, the UK, Europe and the most of Asia made advances, while bourses in South Africa, Egypt and South Korea gave up ground. Stocks in Hong Kong and China fell after Hong Kong announced sweeping national security laws which will vastly impede the its autonomy. Here are Tuesday’s closing quotes for major indices around the world: CANADA In Canada, the S&P/TSX Composite index closed at 21,860.58, up 23.40 points, or 0.11 percent. UNITED KINGDOM In London, the FTSE 100 closed at 7,738.30, marking a modest increase of 15.75 points, or 0.20 percent. EUROPE Germany’s DAX PERFORMANCE-INDEX ended the day at 17,987.49, up 54.81 points, or 0.31 percent. In France, the CAC 40 saw a stronger performance Tuesday, closing at 8,201.05, up 52.91 points, or 0.65 percent. Europe’s broader ESTX 50 PR.EUR closed at 5,007.92, up 25.16 points, or 0.50 percent. The Euronext 100 Index inched up to 1,503.42, gaining 8.93 points, or 0.60 percent. Belgium’s BEL 20 finished at 3,681.14, ahead 7.95 points, or 0.22 percent. RUSSIA In Moscow, the MOEX Russia Index concluded at 2,222.51 Tuesday, down 4.14 points, or 0.19 percent. ASIA In Tokyo, the Nikkei 225 climbed to 40,003.60, gaining 263.20 points, or 0.66 percent. However, Hong Kong’s HANG SENG INDEX experienced a hefty decline, closing at 16,529.48, down 207.62 points, or 1.24 percent. In Shanghai, the SSE Composite Index closed lower at 3,062.76, dropping 22.17 points, or 0.72 percent. Similarly, China’s Shenzhen Index ended the day in negative territory at 9,696.69, down 56.14 points, or 0.58 percent. In Singapore, the STI Index closed at 3,173.55 Tuesday, up 1.62 points, or 0.05 percent. In India, the S&P BSE SENSEX ended at 72,012.05, down 631.35 points, or 0.87 percent. Meanwhile India’s NIFTY 50 closed at 21,817.45, down 205.85 points, or 0.93 percent. In Kuala Lumpur, the FTSE Bursa Malaysia KLCI concluded at 1,544.96, down 8.68 points, or 0.56 percent. South Korea’s KOSPI Composite Index ended at 2,656.17, down 29.67 points, or 1.10 percent. In Taiwan, the TSEC weighted index closed at 19,857.20 Tuesday, down 22.60 points, or 0.11 percent. OCEANIA Australia’s S&P/ASX 200 [XJO] closed at 7,703.20, up 27.40 points, or 0.36 percent. The Australian ALL ORDINARIES (XAO) index added 32.60 points or 0.41 percent to close Tuesday at 7,957.80. New Zealand’s S&P/NZX 50 INDEX GROSS ( GROSS) closed at 11,817.91 Tuesday, up 89.90 points, or 0.77 percent. SOUTH AFRICA In South Africa, the Top 40 USD Net TRI Index concluded at 3,727.99, down 26.67 points, or 0.71 percent. MIDDLE EAST Israel’s TA-125 closed at 1,981.24, up 11.32 points, or 0.57 percent. Egypt’s EGX 30 Price Return Index ended at 28,675.70, down 415.60 points, or 1.43 percent. (Photo credit: Big News Network news agency).