At 1452 BST, the Dow Jones Industrial Average dropped 0.16% to 18,055.83 points, the S&P 500 decreased 0.09% to 2,125.65 points and the Nasdaq declined 0.04% to 5,123.95 points. The S&P 500 was up 0.3%, erasing an earlier loss of 0.5%, while the Nasdaq Composite has swung from a 0.5% loss to a 0.5% gain. So two things could happen today: a further decline or the emergence of bargain hunters we’re in the second case.
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Stocks markets in Europe and Asia steadied Tuesday after a strong finish on Wall Street, as investor concerns eased over a potential September rise in interest rates by the Federal Reserve. I think nothing will be resolved before the Fed meeting next week.
Three Fed members speak on Monday, but markets will be paying the most attention to Gov. Lael Brainard’s address in Chicago at 1:15 p.m. ET because she votes on policy.
Global stocks have been volatile in recent sessions as investors have focused intensely on central bank actions.
Get breaking news right in your inbox.. “The possibility of a rate increase is like the Damocles sword hanging over the market”.
Furthermore, ” the stock market gets support oil prices, which rebounded after opening the session down”, remarked in a note experts from the brokerage Charles Schwab.
Shares of Tesla Motors Inc. closed up 2% after the electric-car maker on Sunday announced an upgrade for its Autopilot feature that could significantly improve the safety if its semiautonomous driving system. Technology companies also jumped.
NY gold for December delivery settled down 0.7% at US$1326 an ounce.
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In the same area, Lexmark specializes in printers, took 1.05% to 36.43 dollars after an article in Bloomberg, that the new owners, a Chinese consortium intend to sell its operations in software. On Monday, the benchmark 10-year yield was up 1 basis point at 1.687%, above its pre-referendum level.
