TECH'S BIG YEAR: Technology stocks have helped power the broader market's gains this year.
The Dow is down 106.82 points, or 0.4%.
Stocks slipped globally in quiet New Year's Eve trading Tuesday with many markets closed. One of the most commonly used is the comparison between the price of a share and its profit from the previous year.
Airstrike targetting Iraq militia convoy kills six
Responding to Friday's attack, Iraq's Prime Minister said Washington had violated a deal for keeping USA troops in his country. The official spoke on condition of anonymity because he was not authorized to talk to reporters.
Tesla climbed 2.9% after a news report suggested the electric vehicle maker would deliver its first China-made Model 3 sedans as early as next week. The Dow rose 330.36 points, or 1.2%, to 28,868.80. Shares of Wynn Resorts Ltd, Las Vegas Sands Corp and Melco Resorts & Entertainment Ltd rose between 2% and 4%.
Earlier in the day, the South China Morning Post reported that Chinese Vice Premier Liu He will travel to Washington on Saturday to sign the phase-one of the trade deal.
Despite a surging USA dollar and a sky-high stock market, the price of gold pressed higher with a 0.3% rally.
The People's Bank of China said it would further loosen monetary policy by reducing the amount of reserves banks needs to keep on hold at the central bank, essentially freeing up cash for lending.
BTS Rocks New Year’s Eve With Times Square Performance
In the Weverse post, RM wished BTS followers a cheerful new yr and mentioned it was an honor to carry out in New York City . The tradition started 10 years ago with some people who wanted to celebrate New Year's Eve , but also get enough sleep.
"Rising political and policy uncertainty will keep the index range-bound" for most of 2020, wrote David Kostin, chief USA equity strategist at Goldman Sachs. It's on track to end the month about 2.6% higher, its fourth-consecutive monthly gain. He also said he plans to travel to Beijing at a later date to open talks on other sticking points in the dispute that remain to be worked out, including Chinese practices the USA complains unfairly favor its own companies. Other chipmakers such as Micron and Intel rose 2.99% and 1.65%, respectively.
Semiconductor stocks are coming off a strong performance in 2019. The sector ended with a 29.2 per cent gain for the year, while JPMorgan Chase, Bank of America and Citigroup climbed over 40 per cent.
The Benchmark United States crude oil lost 62 cents to settle at $61.06 per barrel. Brent crude, the global standard, was up $0.13 to $66.13 per barrel around the same time.
The price of gold rose $5 to $1,519.50 per ounce. Germany's markets were closed.
North Korea's Kim Jong Un Touts Strategic Weapon amid Stall in Talks
Tensions between the US and North Korea have ratcheted up in recent months following the collapse of talks in February in Hanoi. The two leaders also held an "impromptu" meeting at the demilitarized zone (DMZ) that separates North and South Korea in June.