Tuesday's Stock Market Close: Dow Flat On Lack Of China Trade Deal News

President Trump didn’t give investors much to work with Tuesday in his speech before the Economic Club of New York. The result was little movement on the major indexes.

The Dow Jones Industrial Average was unchanged at the closing bell at 27,691. The Nasdaq Composite rose 21 points to 8,486 and the S&P 500 gained 4 points to 3,091.

Volume on the New York Stock Exchange totaled 2.9 billion shares with 1,480 advancing, 119 setting new highs, and 1,540 declining, 71 setting new lows.

Advanced Micro Devices (AMD), Amarin Corp. (AMRN) and General Electric (GE) led the most actives.

In his speech, Trump said only that China is anxious to reach a trade agreement and phase 1 of the pact “could happen soon.” He said he would accept a deal “only if it’s good for the U.S., our workers and our companies.”

The U.S. Supreme Court heard arguments over the administration’s effort to end Deferred Action for Childhood Arrivals program, which protects young people who were brought to the U.S. without documentation as children. The court will first decide whether is has the power to weigh in on the case since the program was created by executive order, and if it does, whether the administration’s move is legal.

Disney’s (DIS) much-anticipated streaming service Disney+ got off to a rocky start with technical glitches that crashed some users’ systems. Disney is hoping that at $7 a month, it will attract 90 million subscribers globally within five years. The service is not expected to turn a profit during that period. Disney opened 0.6% higher.

Former Uber CEO Travis Kalanick sold 20% of his stake in the ride-sharing service when the lockup period ended last week for $547 million. Uber (UBER) has underwhelmed investors since its initial public offering six months ago, with shares shedding 40%, reducing the company’s valuation from $76 billion to $46 billion. Kalanick still owns 78 million shares in Uber, a 4.6% stake.

Overseas, violence again rocked Hong Kong, with tear gas blanketing the financial district as demonstrators blocked roads. Police deployed a water cannon against protesters at Chinese University as protesters threw bricks and other projectiles at police. The anti-government protests are now in their 23rd week.

In Britain, Labour leader Jeremy Corbyn revealed the party had been hit with a DDoS attack that brought down its websites. He warned things will only get worse as the Dec. 12 election approaches and called the hacking incident dangerous.

Global markets were mostly higher.

In Asia, Hong Kong’s Hang Seng closed up 0.52% while Japan’s Nikkei 225 increased 0.81% and China’s Shanghai Composite gained 0.17%. Australia’s S&P 500 lost 0.29%.

In Europe, London’s FTSE 100 closed up 0.73% while the German DAX rose 0.78% and the French CAC gained 0.44%. The Stoxx Europe 600 was up 0.53%.

On currency markets, the British pound was off 0.04% to $1.2848 while the euro dipped 0.23% to $1.101. The U.S. dollar index rose 0.14%.

Oil futures were lower. Crude oil dipped 0.18% to $58.76 a barrel. Brent crude lost 0.5% to $62.03 a barrel. Gold futures rose 0.14% to $1,459.20 while silver futures gave up 0.13% to $16.77 an ounce.

Yield on the 10-year U.S. Treasury note fell to 1.92%. On the 30-year note, the yield fell to 2.394%.