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 St Petersburg 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 St Petersburg Star.
More InformationDHAKA, Bangladesh - According to new research that ranks political violence worldwide, Bangladesh ranks 22nd out of the world's 50 ...
WASHINGTON - Members of the United Nations Security Council, except Russia and China, on Tuesday issued a resounding condemnation of ...
The U.S. and Britain sent the USSR a great variety of equipment during World War II. Most of all, however, ...
In fact, the Third Reich was eager to divide it with its European and Asian allies.The Nazis, of course, were ...
The ancient trade route between Asia and Europe also went through some Russian lands.Caravans loaded with silk and spices had ...
Learn new Russian words to help you communicate on social media!Pavel Kuzmichev, FreepikПривет!Are you familiar with the concept of Anglicisms? ...
BEIJING, China: Local authorities said a fire at the Shanjiaoshu coal mine in Guizhou province, southern China, killed 16 people ...
MADISON, Wisconsin: Last week, five flamingos were seen along a Lake Michigan beach in Wisconsin, attracting a large crowd of ...
LONDON, UK: The UK government said over the weekend that it could downscale the scope of the High Speed 2 ...
LAHAINA, Hawaii: This week, officials are expected to begin lifting restrictions on entry to the burn zone in Lahaina, Hawaii, ...
LONG ISLAND, New York: On Thursday, a bus carrying members of a high school marching band traveling to a music ...
GAINESVILLE, Florida: Local police report stopping children, ages 10 and 11, who had driven their family car 200 miles, in ...