U.S. Stocks Move Up While Tech Stocks Drag

Dollar strengthening resumes

US stock market edged up on Tuesday while tech stocks weighed after the attorneys general of 50 US states announced an investigation into Google’s ‘potential monopolistic behavior’. The added 0.03% to 2979.39. Jones industrial rose 0.3% to 26909.43, extending winning streak to fifth session. The Nasdaq however retreated 0.04% to 8084.15. The dollar strengthening resumed as the Labor Department reported Americans quit their jobs hit an all-time high in July, suggesting that workers are confident in the strength of the job market. The live dollar index data show the , a measure of the dollar’s strength against a basket of six rival currencies, added 0.01% to 98.32 and is higher currently. Stock index futures point to higher openings today.

leads European indexes gains

European stocks resumed advancing on Tuesday as investors anticipate a stimulus package at European Central Bank policy meeting on Thursday. The halted its advance while continued gaining yesterday with both pairs lower currently. The ended 0.1% higher. The German added 0.4% to 12268.71. France’s rose 0.8%. UK’s gained 0.4% to 7267.95 as lawmakers rejected prime minister Johnson’s second bid to hold a snap general election.

leads Asian indexes gains

Asian stock indices are mostly rising today. gained 1.0% to 21597.76 with yen slide against the dollar intact. Chinese stocks are mixed: the is down 0.4% while Hong Kong’s jumped 1.6%. Australia’s All Ordinaries Index recovered 0.4% despite Australian dollar’s move higher against the greenback.

Nikkei D1 Chart

down

futures prices are extending losses today. Prices fell yesterday after news US National Security Adviser John Bolton resigned, spurring hopes tensions with Iran may ease: November Brent lost 0.3% to $63.28 a barrel on Tuesday.

Read More Here...

Bookmark the permalink.