Lola Evans
25 Jan 2023, 07:10 GMT+10
NEW YORK, New York - Stocks in the United States were mixed on Tuesday after an interesting day which saw 80 NYSE-listed stocks disrupted due to a technical glitch.
"It looks like NYSE got on it real early," Joseph Sroka, chief investment officer at NovaPoint in Atlanta, Georgia told Reuters news agency Tuesday. "Now they're trying to determine what opening trade prices were."
"Everyone involved in trade settlements is going to have a long day today."
The glitch aside, investors focused on earnings and expected actions by the Federal Reserve.
"Earnings don't make a bull or bear case for the market yet, but there's an anxiousness among investors to be long when the Fed is done raising rates," Sroka said. "We're hitting a ramp in the earnings cycle, and by next week we'll have a lot more information on the direction of the market."
The Dow Jones made a decent gain while the Standard and Poor's 500 and Nasdaq Composite slipped.
The Dow at the finish Tuesday was ahead 104.40 points or 0.31 percent at 33,733.96.
The Nasdaq Composite dipped 30.14 points or 0.27 percent to 11,334.27.
The Standard and Poor's 500 edged down 2.87 points or 0.07 percent to 4,016.94.
The U.S. dollar lost ground against the major currencies with the exception of the British pound. The euro climbed to 1.0885 by the U.S. close Tuesday. The Japanese yen shot up to 130.15. The Swiss franc was only slightly higher at 0.9225.
The Canadian dollar was little changed at 1.3365. The Australian and New Zealand dollars extended their recent rallies to last trade at 0.7046 and 0.6504 respectively.
Overseas, the FTSE 100 in London traded down 0.35 percent. The German Dax dropped 0-.07 percent, while the Paris-based CAC 40 edged up 0.26 percent.
In Japan, the Nikkei 225 advanced 1.46 percent. The Hang Seng in Hong Kong did better, adding a hefty 1.82 percent.
The Shanghai Composite in China rose 0.76 percent.
The Australian All Ordinaries gained 0.47 percent. In Singapore, the Straits Times Index rose 0.45 percent.
Indonesia's Jakarta Composite dipped 0.20 percent. In New Zealand, the S&P/NZX 50 declined 0.13 percent.
The South Korean Kospi Composite climbed 0.63 percent.
Get a daily dose of India Gazette 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 India Gazette.
More InformationJERUSALEM, Israel: As demand for its driver-assistance technology rises among vehicle-makers, Mobileye Global is forecasting revenues for the 2023 fiscal ...
NEW YORK, New York - U.S. stocks closed sharply lower Monday as investors fretted over which way the Federal Reserve ...
Ahmedabad (Gujarat) [India], January 30 (ANI/Big News Network): The Adani group, in a sharp and focused response to Hindenburg Research's ...
SEOUL, South Korea: South Korean officials have said that the government will double energy vouchers and provide discounts on gas ...
WASHINGTON D.C.: The Wall Street Journal has reported that e-cigarette maker Juul and three tobacco giants are negotiating potential sale, ...
AUSTIN, Texas: Tesla gas announced an investment of more than $3.6 billion to expand its Nevada Gigafactory complex with the ...
Ahmedabad (Gujarat) [India], January 30 (ANI/Big News Network): The Adani group, in a sharp and focused response to Hindenburg Research's ...
New Delhi [India], January 31 (ANI): India has entered Amrit Kaal completing its 75 years of Independence and in this ...
New Delhi [India], January 31 (ANI): The Law and Justice Ministry has constituted a working committee for the drafting of ...
New Delhi [India], January 31 (ANI): External Affairs Minister S Jaishnakar on Tuesday met visiting US Under Secretary of State ...
New Delhi [India], January 31 (ANI): Visibility across North India was reduced to concerning levels on Tuesday as fog engulfed ...
New Delhi [India], January 31 (ANI): Ahead of the Budget session of Parliament, Prime Minister Narendra Modi on Tuesday said ...