Tuesday's trading session was quiet, with the S&P 500 edging down by less than 0.1%, continuing Monday's slight decline after a six-week winning streak. The Dow Jones Industrial Average dipped 0.016%, while the Nasdaq Composite managed a 0.18% gain, led by tech stocks. General Motors had its best day since 2020, jumping nearly 10% after reporting stronger-than-expected profit and revenue.
European markets slipped on Tuesday, with the Stoxx Europe 600 falling by 0.21%, as concerns over U.S. Treasury yields weighed on investor sentiment. SAP provided a bright spot, with shares surging 5% after the German software giant exceeded earnings expectations. However, the broader market remained under pressure as other sectors, particularly healthcare and utilities, continued to lag.
Chinese markets showed resilience, with the CSI 300 rising 0.57%, led by gains in real estate stocks. Despite global market uncertainty, China's indexes floated higher as traders awaited upcoming corporate earnings reports. Meanwhile, Hong Kong's Hang Seng inched up 0.1%, as investors remained cautiously optimistic about further economic support from the government.
The Nikkei 225 fell 1.39%, as polls showed that the ruling coalition might face challenges in the upcoming elections, contributing to a negative market sentiment ahead of national and U.S. elections.
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