Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  Geopolitical uncertainty drags US markets lower on Tuesday


Geopolitical uncertainty drags US markets lower on Tuesday

The US markets ended lower on Tuesday, with major indices turning decisively negative in afternoon trading and ending near their lows of the day as uncertainty over trade policy and other geopolitical issues remained high. Optimism over trade had spurred a stock rally in Monday's session, after Treasury Secretary Steven Mnuchin said that the Trump administration would put the trade war on hold while working out details of a deal between the countries. Trump's comments seemed to offset Mnuchin's view, as he was asked if he is happy with how U.S.-China trade talks were going, President Donald Trump said, not really, and said negotiations have a long way to go. Other geopolitical tensions also continued to hover in the background, with uncertainty over a historic meeting between Trump and North Korea's dictator Kim Jong Un. Vice President Mike Pence warned in an interview late Monday that North Korea cannot play Trump where nuclear disarmament is concerned. On Tuesday, Trump said a planned summit with Un may happen later than currently scheduled. Meanwhile, laying out new demands for Iran on Monday, the White House said any new nuclear deal with the U.S. would require Iran to stop enriching uranium and to pull its support for militant groups in the Middle East. The demands were met by immediate rejection from Iran.

The Nasdaq surged 15.58 points or 0.21 percent to 7,378.46, the S&P 500 jumped 8.57 points or 0.31 percent to 2,724.44 and the Dow Jones Industrial Average was down by 178.88 points or 0.72% to 24,834.41.

Related News

View all news

All Asian counters trade in green in early deals on Tuesday

All the Asian counters are trading in green in early deals on Tuesday, supported by hopes Beijing and Washington would dial back trade hostilities, though comments from the US president about the yuan......

US markets close higher for third session on Monday

Magnifying their up move for third straight session, the US markets ended higher on Monday, as a pair of billion-dollar deals reaffirmed confidence that the US economy continues its steady expansion. Optimism......

Asian markets trade mostly in green in early deals

Asian markets are trading mostly in the green in early deals on Monday tracking the firm cues from Wall Street on optimism that U.S.-China trade talks will resolve their escalating trade dispute. The US......

Top News

View all news

CG Power's JV inaugurates HV, EHV factory in Indonesia

CG Power and Industrial Solutions' (CG) joint venture (JV) PT CPSI has inaugurated Indonesia's first High Voltage (HV) and Extra High Voltage (EHV) factory at the Modern Cikande Industrial Estate, Banten......

MCX inks MoU with Indian Cotton Federation: Report

Multi Commodity Exchange of India (MCX) has reportedly signed memorandum of understanding (MoU) with Coimbatore-based Indian Cotton Federation (ICF). The agreement is to facilitate potential collaboration......

RIL's telecom arm tops Fortune's 'Change the World' list

Reliance Industries' (RIL) telecom arm -- Reliance Jio -- has ranked as the top company globally on Fortune's 'Change the World' list that ranked companies using the profit motive to tackle social problems......