Lola Evans
30 Nov 2022, 07:09 GMT+10
NEW YORK, New York - U.S. stock markets remained on edge on Tuesday, with the major indices all finishing flat to lower.
'The market has shifted focus from the conclusion of the third quarter earnings reporting season to now additional factors that are likely to influence the Federal Reserve in their December deliberations," Bill Northey, senior investment director at U.S. Bank told CNBC Tuesday.
"Investors are clearly focused on the path ahead rather than looking in the rear-view mirror."
The Dow Jones industrials inched up 3.07 points or 0.01 percent to 33,852.53.
The Standard and Poor's 500 edged down 6.32 points or 0.16 percent to 3,957.62.
The Nasdaq Composite eased 65.72 points or 0.59 percent to 10,983.78.
On foreign exchange markets, the U.S. dollar had a volatile day. After first being bought up in U.S. and European markets on Monday, the greenback was sold off in Asia on Tuesday. European and U.S. markets again came to the rescue and took the dollar higher. The euro slid to 1.0327 by the New York close Tuesday. The British pound slumped to 1.1949. The Japanese yen was unchanged at 138.79. The Swiss franc crumbled to 0.9538.
The Canadian dollar was sharply lower at 1.3583. The Australian dollar was only modestly weaker at 0.6688. The New Zealand dollar softened to 0.668.
On overseas equity markets, the big movers were in Hong Kong and China. The Hang Seng surged 906.74 points or 5.24 percent to 18,204.68.
China's Shanghai Composite gained 71.20 points or 2.31 percent to 3,149.75.
The Australian All Ordinaries rose 23.40 points or 0.32 percent to 7,442.00.
In New Zealand, the S&P/NZX 50 jumped 87.04 points or 0.77 percent to 11,395.35.
South Korea's Kospi Composite rose 25.12 points or 1.04 percent to 2,433.39.
The FTSE 100 in London advanced 0.51 percent. The German Dax slipped 0.19 percent. The Paris-based CAC 40 edged up 0.06 percent.
Get a daily dose of Paris Guardian news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Paris Guardian.
More InformationWASHINGTON D.C.: In a sign of future political battles over record numbers of illegal crossings under Democratic President Joe Biden, ...
MOSCOW, Russia: Russian state-run TASS news agency has reported that a US woman was detained and fined by a Russian ...
ISLAMABAD, Pakistan - Former President General (retd) Pervez Musharraf died in a Dubai hospital on Sunday at the age of ...
JERUSALEM - Israel on Sunday announced plans to build a new town on the Gaza border .The town, temporarily named ...
CHICAGO, Illinois: After an ice storm ravaged states from Texas to West Virginia, this week, airlines canceled over 1,800 flights ...
PRAGUE, Czech Republic: Ahead of her visit to Taipei, Marketa Pekarova Adamova, Speaker of the Czech Lower House, reiterated to ...
WASHINGTON D.C.: A report released this week detailed how, in January, layoffs in the US reached a more than two-year ...
PARIS, France: Following an 18 month controversy that exposed the workings of the global jet market, Airbus and Qatar Airways ...
TOKYO, Japan: Japan is preparing to revise legislation to allow it to restrict the export of advanced semiconductor manufacturing equipment ...
LONDON, England: Energy giant Shell Oil has announced a record profit of nearly $40 billion in 2022, capping an eventful ...
TOKYO, Japan: Honda has announced that it will manufacture a new hydrogen fuel cell system, which was jointly developed with ...
IRVINE, California: In an effort to cut costs in preparation for an industry-wide price war, electric vehicle manufacturer Rivian Automotive, ...