Market Summary: U.S. stocks nearly flat, dollar falls as crude, treasuries gain
U.S. stocks were nearly flat on Tuesday while the dollar slipped against its two top rivals, while crude oil futures and Treasuries rose.
The Dow Jones Industrial Average rose 32 points, or 0.39 percent to 8,2989.00. The Standard & Poor’s 500 Index rose 1.60 points, or 0.18 percent to 894.64. The Nasdaq Stock Market was down 4 points, or 0.28 percent to 1,424.00. The Russell 2000 was down 3.04 points, or 0.62 percent to 489.77.
The dollar slid against the euro and dollar on Tuesday. The EUR/USD pair was up $0.0217, or 1.5638 percent to $1.4083 at 4:38 p.m. in New York, according to Bloomberg Data. The USD/JPY pair fell $0.6600, or 0.6885 percent to 95.2050 yen.
Crude futures on the New York Mercantile Exchange were up $1.70, or 2.52 percent to $69.20 at 4:38 p.m. in New York, according to Bloomberg. Dated Brend Spot crude rose $2.03, or 3.09 percent to $67.75.
Treasuries rose with the 10-year note yield slipping five basis points, or 0.05 percentage point, to #.64 percent at 4:16 p.m. in New York, according to BGCantor Market Data, Bloomberg reported. The 30-year bond yield reached 4.3617 percent, its lowest level in more than three weeks, Bloomberg reported. Two year notes yielded 1.151 percent.
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