Wall Street gives up early gains, Dow Jones drops 31 points
NEW YORK, New York — U.S. stocks traded mostly in the black on Tuesday, however in late trading all the major indices turned southwards. In the end the key indexes closed in the red. "The market’s broadening out, it’s bringing in more of those cyclical sectors and that’s underpinned by the data that’s coming in that suggests the economy is still in good shape but that inflation is still positive and still above target," Tom Hainlin, senior investment strategist at U.S. Bank Asset Management told CNBC Tuesday. Here are the closing numbers for key indexes: The Standard and Poor’s 500 (^GSPC) closed at 5,203.58, marking a decrease of 14.61 points or -0.28 percent. Trading volume reached approximately 2.204 billion shares. The Dow Jones Industrial Average (^DJI) ended the day at 39,282.33, down by 31.31 points or -0.08 percent. Market activity for the Dow amounted to 303.658 million shares. The NASDAQ Composite (^IXIC) closed at 16,315.70, reflecting a decline of 68.80 points or -0.42 percent. The total volume of shares traded on the NASDAQ was approximately 4.643 billion. Analysts noted that while the market experienced minor losses, the declines were not unexpected given the current economic landscape. Concerns surrounding inflation, interest rates, and global conflicts continue to weigh on investor sentiment. Despite the day’s downward trend, some sectors showed resilience, with technology and healthcare stocks showing particular strength. However, uncertainty remains high as investors await further clarity on various economic and geopolitical fronts. Global Foreign Exchange Market Update for Tuesday: U.S. Dollar Firms In the latest trading session on Tuesday, the world foreign exchange market witnessed a steadying to slight uptick for the dollar among major currency pairs, reflecting nuanced shifts in market sentiment and economic indicators. Here are the latest quotes for key currency pairs: EURUSD: The euro against the U.S. dollar edged down to 1.0831, marking a marginal decrease of 0.05 percent or 0.0005 units. USDJPY: The Japanese yen softened to 151.53 Tuesday, showing a slight decline of 0.08 percent or 0.12 units. USDCAD: The Canadian dollar maintained stability at 1.3584, exhibiting no change in percentage terms. GBPUSD: The British pound dropped to 1.2626, experiencing a decrease of 0.08 percent or 0.0010 units. USDCHF: The Swiss franc fell to 0.9038 on Tuesday, reflecting decline of 0.49 percent or 0.0044 units. AUDUSD: The Australian dollar fell to 0.6532, showing a decline of 0.11 percent or 0.0007 units. NZDUSD: The New Zealand dollar against the US dollar slightly dipped to 0.6002, marking a decrease of 0.01 percent. Global Markets Report for Tuesday: European, Canadian and UK stocks advance, Asia mixed On Tuesday, global stock markets closed with a mixed performance, with most indices showing modest gains while a smaller number of others experienced slight declines. Here are the closing numbers for key indices: CANADA The S&P/TSX Composite index (^GSPTSE) in Canada finished at 21,912.52, with a decrease of 29.78 points or 0.14 percent. Trading volume for the S&P/TSX Composite index stood at 240.834 million shares. UNITED KINGDOM FTSE 100 (^FTSE): The FTSE 100 in London ended the day at 7,930.96, up by 13.39 points, or 0.17 percent. EUROPE DAX PERFORMANCE-INDEX (^GDAXI): The German DAX PERFORMANCE-INDEX closed at 18,384.35, marking a gain of 123.04 points, or 0.67 percent. CAC 40 (^FCHI): In Paris, France, the CAC 40 finished at 8,184.75 Tuesday, showing an increase of 33.15 points, or 0.41 percent. ESTX 50 PR.EUR (^STOXX50E): The ESTX 50 PR.EUR closed at 5,064.18, up by 19.99 points, or 0.40 percent. Euronext 100 Index (^N100): The Euronext 100 Index finished at 1,523.29, showing a gain of 4.56 points, or 0.30 percent. BEL 20 (^BFX): The BEL 20 index in Belgium ended at 3,807.47, down by 4.03 points, or 0.11 percent. RUSSIA MOEX Russia Index (IMOEX.ME): The MOEX Russia Index closed at 2,222.51 on Tuesday, showing a decline of 4.14 points, or 0.19 percent. ASIA Nikkei 225 (^N225): In Japan, the Nikkei 225 index stood at 40,398.03, down by 16.07 points, or 0.04 percent. HANG SENG INDEX (^HSI): The HANG SENG INDEX in Hong Kong closed at 16,618.32, up by 144.72 points, or 0.88 percent. SSE Composite Index (000001.SS): In China, the SSE Composite Index ended the day at 3,031.48, showing a gain of 5.17 points, or 0.17 percent. Shenzhen Index (399001.SZ): The Shenzhen Index meantime closed at 9,449.43 Tuesday, up by 26.82 points, or 0.28 percent. OCEANIA S&P/ASX 200 (^AXJO): In Australia, the S&P/ASX 200 finished at 7,780.20, down by 31.70 points, or 0.41 percent. ALL ORDINARIES (^AORD): The Australian ALL ORDINARIES index finished at 8,036.70, down by 34.80 points, or 0.43 percent. S&P/NZX 50 INDEX GROSS (^NZ50): Across the Tasman, the S&P/NZX 50 INDEX GROSS closed at 12,031.81, down by 35.19 points, or 0.29 percent. AFRICA Top 40 USD Net TRI Index (^JN0U.JO): The Top 40 USD Net TRI Index in South Africa stood at 3,814.24 Tuesday, showing an increase of 5.56 points, or 0.15 percent. STI Index (^STI): Singapore’sThe STI Index stood at 3,233.33, up by 35.23 points, or 1.10 percent. S&P BSE SENSEX (^BSESN): The S&P BSE SENSEX in India closed at 72,470.30, showing a decline of 361.60 points, or 0.50 percent. NIFTY 50 (^NSEI): Meanwhile, India’s NIFTY 50 index ended at 22,004.70, showing a decline of 92.10 points, or 0.42 percent. IDX COMPOSITE (^JKSE): In Indonesia, the IDX COMPOSITE ended the day at 7,365.66 Tuesday, down by 12.10 points, or 0.16 percent. FTSE Bursa Malaysia KLCI (^KLSE): The FTSE Bursa Malaysia KLCI closed at 1,538.42, showing an increase of 0.88 points, or 0.06 percent. KOSPI Composite Index (^KS11): In South Korea, the KOSPI Composite Index ended at 2,757.09, up by 19.52 points, or 0.71 percent. TSEC weighted index (^TWII): Taiwan’s TSEC weighted index closed at 20,126.49, down by 65.71 points, or 0.33 percent. MIDDLE EAST TA-125 (^TA125.TA): The TA-125 index in Israel stood at 2,040.82 Tuesday, showing an increase of 2.24 points, or 0.11 percent. EGX 30 Price Return Index (^CASE30): In Egypt, the EGX 30 Price Return Index closed at 29,057.50, down by 287.00 points, or 0.98 percent. Overall, the global markets exhibited a diverse range of movements Tuesday, influenced by various economic factors and geopolitical developments.