Tue, 15 Oct 2019

U.S. stock markets see little action Tuesday

Lola Evans
10 Jul 2019, 06:18 GMT+10

NEW YORK, New York - There was little to move U.S. stocks on Tuesday, and there was little action as a result, other than a modest rise in demand for tech stocks.

The situation may change in coming weeks as talks on trade deals with China and Europe are set to re-start.

The U.S. dollar remained in demand, however the only major move was against the British pound which has now been trading comfortably under the 1.2500 handle for the past 24 hours. Elsehwhere currency rates were little changed, although the Australian and New Zealand dollars continued to slip lower.

At the close of trading Tuesday, the Dow Jones industrials were down 22.65 points or 0.08% at 26,783.49.

The Standard and Poor's 500 edged up 3.68 points or 0.12% to 2,979.63.

The Nasdaq Composite advanced 43.35 points or 0.54% to 8,141.73.

The euro was little changed at 1.1207, while the British pound dipped to 1.2465.

The Japanese yen was unchanged at 108.88, as was the Swiss franc at 0.9937.

The Canadian dollar was a tad weaker at 1.3130. The Australian dollar fell to 0.6928, while the New Zealand dollar declined to 0.6607.

In overseas equity markets, the FTSE 100 in London lost 0.17%.

The German Dax declined 0.85%, while the Paris-based CAC 40 dropped 0.31%.

In Asian markets, Japan's Nikkei 225 rose 12.86 points or 0.06% to 21,547.21.

In Australia however, the All Ordinaries fell 15.30 points or 0.23% to 6,742.10.

China's Shanghai Composite declined 5.13 points or 0.18% to 2,928.23.

In Hong Kong, the Hang Seng slipped 215.41 points or 0.76% to 28,116.28.

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