Dow Jones declines for ninth day in row

NEW YORK, New York - U.S. stocks had a troublesome day Tuesday with all the major indices closing the red. The worst performer was the Dow Jones, which since closing at a record high earlier in this month, has now notched up nine consecutive days of losses, a feat not achied in 46 years. Nvidia continued its recent downtrendwith other majors also losing ground.

"Wall Street is waking up to the fact that a Trump presidency might not be as great for stocks as some people hoped," David Russell, global head of market strategy at TradeStation told CNBC Tuesday. "Financials and industrials jumped on his win but now may have to face higher rates and trade uncertainties, and healthcare faces its greatest political risks in recent memory."

The S&P 500 (^GSPC) finished the day down 23.47 points, settling at 6,050.61, a drop of 0.39 percent. Concerns over slowing consumer demand and ongoing geopolitical tensions contributed to the subdued mood, leading several large-cap names into the red.

Meanwhile, the Dow Jones Industrial Average (^DJI) slipped by 267.58 points to close at 43,449.90, a decrease of 0.61 percent. Blue-chip stocks were among the notable laggards, with industrial and financial sectors registering some of the biggest losses.

The technology-heavy NASDAQ Composite (^IXIC) also lost ground, declining 64.83 points to end the session at 20,109.06, off 0.32 percent. Despite upbeat earnings from several high-profile tech firms earlier this season, profit-taking and lingering recessionary fears seemed to cap any potential gains.

Trading volumes reflected the cautious tone, with the S&P 500 logging 2.889B shares traded, the Dow at 570.694M, and the NASDAQ at 8.622B.

Tuesday's FX Wrap: Dollar Pushes Higher Against Major Currencies, Mixed Moves Elsewhere

Tuesday's foreign exchange market saw the U.S. dollar largely in focus, as investors digested new economic data and looked ahead to central bank commentary. While the greenback strengthened against select peers, it softened slightly against others, underscoring the nuanced environment traders are navigating. The US Dollar Index (DX-Y.NYB) ticked up by 0.10 points to 106.96, a move of 0.10 percent, reflecting ongoing safe-haven demand.

Below is a roundup of how major currency pairs fared Tuesday:

The Euro / US dollar (EURUSD) pair drifted lower to 1.0488, slipping 0.21 percent.

Against the Japanese yen, the US dollar / Japanese yen (USDJPY) pair moved down to 153.43, registering a 0.43 percent decline. Ongoing speculation regarding Bank of Japan's future monetary policy has stirred traders' nerves, adding volatility to yen-based pairs.

In contrast, the US dollar / Canadian dollar (USDCAD) advanced 0.49 percent to 1.4311, benefiting from softer crude oil prices. Oil, a key export for Canada, fell on global growth concerns, weighing down the loonie and boosting the greenback.

Meanwhile, sterling strengthened modestly against the dollar, with the British pound / US dollar (GBPUSD) pair climbing to 1.2706, a gain of 0.20 percent. The pound found support from stronger-than-expected labor market figures, suggesting resilience in the UK economy despite inflationary pressures.

A cautious mood in global markets provided some safe-haven appeal for the Swiss franc, though the US dollar / Swiss franc (USDCHF) rate still edged up to 0.8927-a dip of 0.16 percent for the dollar. Investors eye upcoming Swiss National Bank policy remarks for indications on future tightening.

Elsewhere, commodity-linked currencies struggled. The Australian dollar / US dollar (AUDUSD) slipped 0.57 percent to 0.6334, weighed down by ongoing concerns about demand for commodities and lingering tensions between China and key trading partners. The New Zealand dollar / US dollar (NZDUSD) also retreated, sliding 0.51 percent to 0.5750 amid lackluster economic indicators from the region.

Overall, Tuesday's FX trading highlighted the market's sensitivity to economic data releases and central bank commentary. While the U.S. dollar faced a minor setback versus the yen, it retained an edge against the Canadian, Australian, and New Zealand dollars. Market watchers will remain vigilant for any shifts in policy tone or inflation data that could recalibrate these currency trends in the days to come.

Global Markets See Mixed Results Tuesday as Investors Weigh Economic Signals

Tuesday's trading session brought diverse outcomes across global equity benchmarks, with markets in Europe, Asia and Canada largely retreating, even as a few bright spots emerged in the Asia-Pacific region. Meanwhile, the U.S. Dollar Index continued its modest climb, bolstered by ongoing uncertainty around growth and inflation. Below is a narrative roundup of major index performances:

North of the border, the S&P/TSX Composite (^GSPTSE) in Toronto edged down 27.50 points to 25,119.71, off 0.11 percent. Resource stocks led the dip, as both energy and mining shares faltered in light of softer commodity prices.

In London, the FTSE 100 (^FTSE) slid to 8,195.20, shedding 66.85 points, or 0.81 percent, amid concerns over corporate margins and energy prices.

Across the English Channel, Germany's DAX P (^GDAXI) moved lower by 67.44 points, closing at 20,246.37 for a loss of 0.33 percent, hindered by weakness in automotive and manufacturing. By contrast, France's CAC 40 (^FCHI) eked out a small gain of 8.62 points, reaching 7,365.70 and ending the day up 0.12 percent, aided by resilience in its luxury and tech sectors.

Regional European indices also saw subdued trading, as the EURO STOXX 50 I (^STOXX50E) fell by 4.45 points, finishing at 4,942.58 for a marginal drop of 0.09 percent. The Euronext 100 Index (^N100), which tracks a broader set of top-tier European names, declined 4.09 points to 1,455.48, ending the day down 0.28 percent.

Nearby, the BEL 20 (^BFX) in Belgium slipped 27.44 points to close at 4,240.44, or 0.64 percent in the red.

Over in Asia, mixed performances characterized the trading climate. Hong Kong's HANG SENG INDEX (^HSI) declined by 95.01 points, settling at 19,700.48 for a 0.48 percent drop, as tech names faced fresh regulatory headwinds.

Singapore's STI Index (^STI) shed 21.10 points to 3,799.93, down 0.55 percent on softer-than-expected trade data.

However, not all Asia-Pacific markets followed suit. Australia saw its main benchmarks in positive territory, thanks to a boost from commodity and mining shares. The S&P/ASX 200 (^AXJO) gained 64.50 points to close at 8,314.00, a rise of 0.78 percent. The ALL ORDINARIES (^AORD) followed suit, adding 64.60 points to end at 8,558.60 for an increase of 0.76 percent.

Elsewhere, the S&P BSE SENSEX (^BSESN) in India dropped sharply, losing 1,064.12 points to end at 80,684.45, marking a 1.30 percent decline as investors locked in profits following a series of recent rallies.

In Malaysia, the FTSE Bursa Malaysia KLCI (^KLSE) slid 9.52 points to 1,597.33, a decline of 0.59 percent, reflecting a muted outlook on consumer spending.

The day was rosier in New Zealand, where the S&P/NZX 50 INDEX GROSS (^NZ50) climbed 116.97 points to 12,914.30, for a robust 0.91 percent gain on renewed investor confidence.

By contrast, South Korea's KOSPI Composite Index (^KS11) retreated 32.16 points to 2,456.81, or 1.29 percent lower, as the region's semiconductor sector grappled with supply chain uncertainties. Taiwan's TWSE Capitalization Weighted Stock Index (^TWII) dipped 21.89 points to 23,018.01, translating into a minor 0.10 percent decline.

In the Middle East, the TA-125 (^TA125.TA) in Israel advanced 19.66 points to close at 2,410.22, up 0.82 percent, buoyed by technology stocks. Meanwhile, Egypt's EGX 30 Price Return Index (^CASE30) slipped by 197.80 points to 30,601.60, registering a 0.64 percent drop as local investors appeared cautious about global monetary tightening.

South Africa's Top 40 USD Net TRI Index (^JN0U.JO) bore the brunt of risk-off sentiment, tumbling 146.10 points to 4,574.29 for a notable 3.10 percent decline, as mining heavyweights came under pressure from falling commodity prices and currency fluctuations.

Overall, Tuesday's closing bell painted a picture of caution and select pockets of optimism. With monetary policies in flux and a global economy still finding its footing, traders remain split between risk appetite and defensive positioning. As the week progresses, economic data releases and central bank signals may provide further clues on the direction of global indices and currencies alike.