U.S.
stocks fluctuated with global equities, after China’s move to stabilize
its financial markets left investors to focus on the prospects for
global growth amid renewed selling in crude and weaker-than-expected
auto sales.
An early advance Tuesday withered as
declines in General Motors Co. and Ford Motor Co. weighed after their
December sales disappointed. Commodity shares slipped with oil. Netflix
Inc. fell for a fourth day, down 2.8 percent after finishing 2015 with a
134 percent gain, and Walt Disney Co. declined 2.9 percent. Gunmakers
Smith & Wesson Holding Corp. and Sturm Ruger Co. surged more than 6
percent as President Barack Obama unveiled tougher restrictions on arms
sales.
The Standard & Poor’s 500 Index fell
0.3 percent to 2,006.70 at 12:09 a.m. in New York, after earlier rising
as much as 0.4 percent. The gauge fell 1.5 percent Monday. The Dow
Jones Industrial Average lost 86.08 points, or 0.5 percent, to
17,062.86. The Nasdaq Composite Index declined 0.5 percent. Trading in
S&P 500 shares was 8 percent above the 30-day average for this time
of day.
Stocks in China rose Tuesday in volatile
trading, stabilizing after weaker factory data from the world’s
second-largest economy sparked a worldwide selloff on Monday.
State-backed funds were said to intervene after yesterday’s 7 percent
plunge in the CSI 300 Index of large-capitalization companies listed in
Shanghai and Shenzhen wiped out $590 billion of market value. European
equities also climbed after a 2.5 percent rout on Monday.
Source : Bloomberg
0 komentar :
Post a Comment