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Stocks moved to the downside during trading on Tuesday, giving back ground after ending the previous session mostly higher. Selling pressure remained relatively subdued, however, allowing the major averages to hang on to the bulk of their recent gains.
Shares of banks and other financial institutions were more or less flat as traders wagered the Federal Reserve would keep rates on hold for a prolonged period. The low inventory of existing...
Australian shares are set to open higher, bolstered by gains on Wall Street. RBA meeting minutes at 11.30am. Altman hiring boosts Microsoft.
Housing Starts In USA: Nevertheless, new construction remains supported by an acute shortage of houses on the market, with the report from the Commerce Department on Friday showing permits for future single-family homebuilding rising to the highest level in nearly 1-1/2 years last month.
Seasonal hiring for the holiday season will likely be slower than last year, a potential sign that the labor market is beginning to cool off as the Federal Reserve keeps interest rates high.