Add thelocalreport.in As A Trusted Source
Asian U.S. stock indexes edged higher on Tuesday, with stocks mostly higher on Tuesday, boosted by strong earnings reports from some companies.
Gold prices retreated from all-time highs, down slightly 0.2% to $5,071.70. Silver fell 5.1% to $109.66 an ounce.
In Tokyo, the Nikkei 225 rose 0.6% to 53,188.39 points.
cospi in South Korea Still surged 1.9% to 5,042.32 after the U.S. president was elected Donald Trump Said he would raise tariffs on South Korean goods because the country’s National Assembly has yet to approve a trade framework announced last year.
Trump said on social media on Monday that import taxes on cars, lumber and medicines from South Korea would be increased, and the tax rate on other goods would be increased from 15% to 25%.
Technology-related stocks such as Samsung Electronics rose 2.9%, helping offset losses from automakers such as Kia Corp, which fell 2%.
Chinese markets were mixed. Hong Kong’s Hang Seng Index rose 1.1% to 27,055.65 points, while the Shanghai Composite Index was basically unchanged at 4,134.03 points. But the benchmark in the smaller market of Shenzhen fell 0.9%.
Taiwan’s Taiex rose 0.8%, while India’s Sensex fell 0.5%.
The S&P 500 is headed up 0.3%, while the Dow Jones Industrial Average is down 0.1%.
On Monday, the S&P 500 rose 0.5%, recovering from last week’s losses to close at 6,950.23 points. The Dow Jones Industrial Average rose 0.6% to 49,412.40 points; the Nasdaq Composite Index rose 0.4% to 23,601.36 points.
Financial markets could face more volatility in a week filled with major tests.
this Fed The stance on interest rates will be announced on Wednesday and is expected to remain stable then. It has been cutting key interest rates and has said further cuts are likely in 2026 to help bolster the job market and boost the economy.
Inflation remains stubbornly above the Fed’s 2% target, and lower interest rates could worsen the situation.
Several of Wall Street’s most influential stocks are also due to report earnings. These include Meta Platforms, Microsoft and Tesla on Wednesday, and Apple on Thursday.
In Monday’s trading, Baker Hughes led gains, rising 4.4% after the company’s latest quarter profit was stronger than analysts expected, helped by strong demand for liquefied natural gas and other products.
CoreWeave rose 5.7% NVIDIA The company said its $2 billion investment in the stock will help accelerate the construction of CoreWeave artificial intelligence factories using Nvidia chips by 2030 to drive the adoption of artificial intelligence. But Nvidia fell 0.6%.
U.S. Rare Earth Corporation said the U.S. government agreed to provide $277 million in federal funds to help the company produce heavy rare earths, minerals and magnets, sending its shares up 7.9%. The Trump administration also agreed to a proposed $1.3 billion loan, while the company separately raised $1.5 billion through private investors.
Much of the rest of Wall Street was relatively quiet. That included mixed performance from airlines, which had to cancel thousands of flights due to the winter storm that hit much of the U.S. over the weekend. Delta Air Lines fell 0.7% and Southwest Airlines rose 0.2%.
In other trading early Tuesday, gold fell 0.3% to $5,067 an ounce. On Monday, gold prices rose 2.1% and briefly topped $5,100 an ounce for the first time. Silver gained even more, closing 14% higher and currently trading around $109 an ounce.
Precious metal prices have been surging as investors look for safer places to park their money amid threats of tariffs, still-high inflation, political conflict and mountains of government debt around the world.
The U.S. dollar rose to 154.52 yen from 154.20 yen, while the euro fell to 1.1873 U.S. dollars from 1.1881 U.S. dollars.
U.S. benchmark crude oil prices fell 35 cents to $60.28 a barrel. Brent crude, the international standard, fell 43 cents to $64.34 a barrel.
___
AP Business Writers Matt Ott and Stan Joe contributed.