Big News Network.com
04 Jun 2025

NEW YORK, New York - U.S. stocks closed higher on Tuesday as the markets continues to ebb and flow on prouncements and moves by the U.S. President, Donald Trump.

"We're not going to get second quarter GDP data until July, we're not going to start to get second quarter earnings data until July, and we're also not going to be hearing more about tariffs until July," the chief investment strategist at CFRA Research, Sam Stovall, told CNBC Tuesday. "The market is going to just sort of bob and weave in the meantime until we start to get a clearer understanding, if we get one, of the outlook for earnings, GDP growth, etc.," he said.

U.S. Markets Forge Ahead

• Standard and Poor's 500 (^GSPC): Rose 34.43 points (0.58 percent) to close at 5,970.37.

• Dow Jones Industrial Average (^DJI): Gained 214.16 points (0.51 percent), settling at 42,519.64, led by industrial and financial stocks.

• NASDAQ Composite (^IXIC): Outperformed with a jump of 156.34 points (0.81 percent) to 19,398.96, as big tech stocks extended their rally.

Market Sentiment

Investors remained bullish amid expectations of steady economic growth and easing inflation pressures. Trading volumes were robust, with the NASDAQ seeing 7.136 billion shares exchanged, while the Dow recorded 501.044 million trades

U.S. Dollar Gains Against Euro and Commodity Currencies in Tuesday Trading

The U.S. dollar showed mixed performance in Tuesday's foreign exchange markets, strengthening against the euro and commodity-linked currencies while rmaking strong gains against the Japanese yen.

Key Moves

• EUR/USD: The euro fell 0.60 percent to 1.1370, extending losses amid concerns over the Eurozone's economic outlook.

• USD/JPY: The dollar climbed 0.97 percent to 144.03, nearing as the Bank of Japan maintained its ultra-loose policy stance.

• GBP/USD: The British pound dipped 0.19 percent to 1.3516, pressured by weaker-than-expected UK economic data.

Commodity Currencies Under Pressure

• AUD/USD: The Australian dollar dropped 0.48 percent to 0.6463, weighed down by declining risk appetite.

• NZD/USD: The New Zealand dollar slid 0.58 percent to 0.5998.

• USD/CAD: The U.S. dollar edged up 0.05 percent to 1.3719.

Swiss Franc Weakens, Dollar Extends Gains

• USD/CHF: The greenback surged 0.90 percent to 0.8238.

Global Stock Markets Close Mixed on Tuesday; Asian, Pacific and European Indices Show Varied Performance

Tuesday's trading session saw a mixed performance across global stock indices, with gains in several European and Asia-Pacific markets offset by declines in others.

Canada's TSX 

The S&P/TSX Composite (^GSPTSE) climbed 213.91 points (0.82 percent) to 26,388.96, supported by gains in energy and materials sectors amid stabilizing commodity prices.

UK and Europe

In London, the FTSE 100 (^FTSE) inched higher, closing at 8,787.02, up 12.76 points (0.15 percent).

Germany's DAX (^GDAXI) posted a stronger gain, rising 160.95 points (0.67 percent) to 24,091.62.

In France the CAC 40 (^FCHI) climbed 26.64 points (0.34 percent) to 7,763.84, while the EURO STOXX 50 (^STOXX50E) advanced 20.14 points (0.38 percent) to 5,375.70.

The Euronext 100 (^N100) added 3.66 points (0.23 percent), closing at 1,581.99. Belgium's BEL 20 (^BFX), however, dipped slightly, losing 4.17 points (0.09 percent) to settle at 4,502.66.

Asia and Pacific

Hong Kong's Hang Seng Index (^HSI) surged 354.52 points (1.53 percent) to 23,512.49, while in Singapore, the STI Index (^STI) edged up 3.79 points (0.10 percent) to 3,894.38.

China's SSE Composite (000001.SS) rose 14.49 points (0.43 percent) to 3,361.98, while in Japan the Nikkei 225 (^N225) slipped 23.86 points (0.06 percent) to 37,446.81.

Australia's S&P/ASX 200 (^AXJO) rose 52.60 points (0.63 percent) to 8,466.70, and the All Ordinaries (^AORD) gained 53.40 points (0.62 percent), closing at 8,690.90.

However, India's S&P BSE SENSEX (^BSESN) fell 636.24 points (0.78 percent) to 80,737.51, and in Indonesia the IDX Composite (^JKSE) dropped 20.25 points (0.29 percent) to 7,044.82.

Malaysia's FTSE Bursa Malaysia KLCI (^KLSE) declined 5.10 points (0.34 percent) to 1,503.25, while in New Zealand the S&P/NZX 50 (^NZ50) slid 91.66 points (0.74 percent) to 12,327.23.

South Korea's KOSPI (^KS11) saw a marginal increase of 1.30 points (0.05 percent) to 2,698.97, and Taiwan's TWSE (^TWII) rose 124.22 points (0.59 percent) to 21,126.93.

Middle East & Africa

IIn srael the TA-125 (^TA125.TA) gained 4.38 points (0.16 percent) to 2,729.10, while Egypt's EGX 30 (^CASE30) added 30.30 points (0.09 percent) to 32,355.40.

IN South Africa the Top 40 USD Net TRI (^JN0U.JO) fell 31.50 points (0.60 percent) to 5,237.30.

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