Lola Evans
02 Aug 2022, 06:12 GMT+10
NEW YORK, New York - U.S. stock markets went on a roller coaster ride on Monday, with major indices giving up well-earned gains late in the day to finish modestly lower.
"It seems like a day of rest, a breathing day," Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia told Reuters Monday. "It's the first day of a new month, and the markets did great in July."
"There's little conviction in either direction right now."
The Dow Jones industrials slipped 46.73 points or 0.14 percent to close Monday at 32,798.40.
The Nasdaq Composite dropped 21.71 points or 0.18 percent to 12,368.98.
The Standard and Poor's 500 dipped 11.66 points or 0.28 percent to 4,118.63.
The U.S. dollar continued to lose ground. The euro picked up to 1.0259 approaching the New York close Monday. The British pound swelled to 1.2257. The Japanese yen continued its upward trajectory to hit 131.69. The Swiss franc firmed to 0.9501.
The Canadian dollar was slightly lower at 1.2842. The Australian dollar edged up to 0.7025. The New Zealand dollar was sharply higher at 0.6333.
Overseas equity markets were modestly weak in the UK and Europe but gained ground in Asia.
The FTSE 100 in London dropped 0.13 percent. The German Dax dipped 0.03 percent. The Paris-based CAC 40 slipped 0.18 percent.
In Japan, the Nikkei 225 jumped 191.71 points or 0.69 percent to 2,799.36.
China's Shanghai Composite gained 6.72 points or 0.21 percent to 3,259.96.
In Australia, the All Ordinaries climbed 39.20 points or 0.55 percent to 7,213.00.
South Korea's Kospi Composite inched up just 0.75 of a point or 0.03 percent to 2,452.25.
In New Zealand, the S&P/NZX 50 rose 33.33 points or 0.29 percent to 11,525.87.
The Hang Seng in Hong Kong added 9.33 points or 0.05 percent to 20,165.84.
Get a daily dose of Brisbane Star 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 Brisbane Star.
More InformationNAYPYIDAW, Myanmar - Sean Turnell, an Australian academic and economic adviser to Myanmar's deposed leader Aung San Suu Kyi, detained ...
It's hard to measure the impact of any one drug on world history. But here are five drugs we can ...
It was revealed this week that former Prime Minister Scott Morrison was secretly appointed in 2020 and 2021 by Governor-General ...
Cincinnati [US], August 17 (ANI): Zhang Shuai of China ended 2020 finalist Naomi Osaka's WesternSouthern Open campaign with a win ...
In almost three hours and 15 minutes, Italian 10th seed Jannik Sinner outlasted Australian qualifier Thanasi Kokkinakis 6-7 (9), 6-4, ...
Washington [US], August 17 (ANI): New research indicates a little bit of daily activity is more beneficial than longer periods ...
As China unleashed live-fire military exercises off the coast of Taiwan, simulating a real "reunification by force" operation in the ...
NAYPYIDAW, Myanmar - According to a legal official, a court in Myanmar has sentenced former leader Aung San Suu Kyi ...
BEIJING, China: Following a meeting between their foreign ministers, China and Nepal have agreed to build the Trans-Himalayan Multi-Dimensional Connectivity ...
BEIJING, China: Several regions in China experienced temperatures exceeding 40 degrees Celsius, including the major southwestern city of Chongqing.The country's ...
SACRAMENTO, California: California Governor Gavin Newsom is proposing to give a $1.4 billion government loan to extend the life of ...
NEW DELHI, India: A government order released to reporters this week said New Delhi will continue to enforce a mask ...