Fri, 10 Apr 2020

Wall Street rally fizzles out, only Dow gains

Lola Evans
15 Jan 2020, 07:14 GMT+10

NEW YORK, New York - A minor rally based on Wednesday's planned signing of the U.S.-China trade deal petered out late Tuesday, with the major indices closing mixed.

"The fact that the China thing is not getting worse and we have an agreement is lessening one of the things that could go wrong in 2020," Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia, nonetheless told the Reuters Thomson news agency Tuesday.

At the close of trading Tuesday, the Dow Jones index was ahead 32.15 points or 0.11% at 28,939.20.

The Nasdaq Composite slid 22.60 points or 0.24% o 9,251.33.

The Standard and Poor's 500 dropped 5.00 points or 0.15% to 3,283.13.

The U.S. dollar was mostly higher. It gained against the euro, which slipped to 1.1128. The British pound however moved slightly higher to 1.3022.

The Japanese yen was a few basis points higher, but remained largely friendless at 109.96.

The Swiss franc made good gains to 0.9674.

The Canadian dollar was coma-like at 1.3060. The Australian dollar was a fraction weaker at 0.6904. The New Zealand dollar eased to 0.6612.

On overseas equity markets, the FTSE 100 in London edged up 0.06%. The German Dax was 0.04% higher, while in Paris, the CAC 40 added 0.08%.

On Asian markets, the Nikkei 225 in Japan was ahead 174.60 points or 0.73% at 24,025.17.

The Australian All Ordinaries jumped 57.80 points or 0.82% to 7,078.00.

China's Shanghai Composite slipped 8.75 points or 0.28% to 3,106.82.

In Hong Kong, the Hang Seng dropped 69.80 points or 0.24% to 28,885.14.

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