Asian stocks pulled back in early trade on Tuesday, while the dollar bounced back from a five-month low after the US Treasury Secretary’s comments supported a stronger currency, although escalating tensions over North Korea capped gains. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.15 percent lower. Japan’s Nikkei jumped 0.8 percent, its biggest […]
Oil prices fell about 3 per cent on Tuesday, reflecting growing concern that a two-month rally was fading as demand fails to keep up with swelling global supply, including new output from Kuwait and Saudi Arabia. Brent futures settled down $1.13 at $39.14 a barrel while US crude settled $1.11 lower at $38.28 per barrel. […]
The Dow and the S&P 500 eked out record closing highs again on Tuesday, while the Nasdaq resumed its recent slide, dragged down by shares of Cisco. The S&P 500 briefly rose above 1,900 for the first time early in the session, but quickly gave back some of its gains. In contrast, the Russell 2000 […]