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U.S. Stocks Close Tuesday with Mixed Results
(MENAFN) US equities closed with divergent performance during Tuesday's session as market participants positioned ahead of the Federal Reserve's highly anticipated monetary policy announcement.
The Dow Jones Industrial Average shed 179.03 points, marking a 0.38% decline to settle at 47,560.29, while the S&P 500 slipped 6 points or 0.09% to finish at 6,840.51.
The tech-heavy Nasdaq bucked the downward trend, gaining 30.58 points or 0.13% to reach 23,576.49.
Market attention has zeroed in on the central bank's rate verdict scheduled for Wednesday's release. The CME FedWatch tool indicates traders are pricing in greater than 87% probability of a 25-basis-point reduction at the upcoming meeting. The current policy rate sits within a 3.75% to 4% target corridor.
President Donald Trump replied "Yes" when questioned whether backing immediate interest rate cuts was a criterion for the new Fed chair.
Trump further revealed that Nvidia's "H200" chips would be allowed to be sold to approved customers in China and other countries under conditions that ensure strong national security.
He emphasized the US government would secure a 25% stake in these transactions, with identical terms extending to AMD, Intel, and other prominent American corporations.
Nvidia equity, which initially climbed following Trump's statement, surrendered those advances after emerging reports indicated China would impose restrictions or prohibit domestic enterprises from acquiring these semiconductors.
JPMorganChase stock tumbled over 4.6% following consumer and community banking CEO Marianne Lake projected higher-than-expected expenses for next year.
Pan American Silver skyrocketed more than 11%, Santacruz Silver Mining jumped 8.9%, and Abrasilver Resource climbed 5.3% as silver valuations surged over 4.4%.
Economic indicators showed US private sector employment added 4,750 positions weekly during the four weeks ending Nov. 22, recovering from prior declines, per ADP figures.
Unfilled positions reached 7.7 million in October, surpassing analyst forecasts, based on the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) release.
The Dow Jones Industrial Average shed 179.03 points, marking a 0.38% decline to settle at 47,560.29, while the S&P 500 slipped 6 points or 0.09% to finish at 6,840.51.
The tech-heavy Nasdaq bucked the downward trend, gaining 30.58 points or 0.13% to reach 23,576.49.
Market attention has zeroed in on the central bank's rate verdict scheduled for Wednesday's release. The CME FedWatch tool indicates traders are pricing in greater than 87% probability of a 25-basis-point reduction at the upcoming meeting. The current policy rate sits within a 3.75% to 4% target corridor.
President Donald Trump replied "Yes" when questioned whether backing immediate interest rate cuts was a criterion for the new Fed chair.
Trump further revealed that Nvidia's "H200" chips would be allowed to be sold to approved customers in China and other countries under conditions that ensure strong national security.
He emphasized the US government would secure a 25% stake in these transactions, with identical terms extending to AMD, Intel, and other prominent American corporations.
Nvidia equity, which initially climbed following Trump's statement, surrendered those advances after emerging reports indicated China would impose restrictions or prohibit domestic enterprises from acquiring these semiconductors.
JPMorganChase stock tumbled over 4.6% following consumer and community banking CEO Marianne Lake projected higher-than-expected expenses for next year.
Pan American Silver skyrocketed more than 11%, Santacruz Silver Mining jumped 8.9%, and Abrasilver Resource climbed 5.3% as silver valuations surged over 4.4%.
Economic indicators showed US private sector employment added 4,750 positions weekly during the four weeks ending Nov. 22, recovering from prior declines, per ADP figures.
Unfilled positions reached 7.7 million in October, surpassing analyst forecasts, based on the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) release.
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