NEW YORK, New York - U.S. investors fretted Tuesday while the U.S. central bank deliberated on whether to hike interest rates another time. The decision will not be known until the Federal Reserve's regular two-day monthly meeting wraps up on Wednesday.
"We know that we're closer to the end of the hiking cycle than the beginning," Kevin Gordon, senior investment strategist at Charles Schwab told CNBC Tuesday. "How they're viewing the next year out, or at least turning the corner in 2024, is much more important."
S&P 500 (^GSPC) The S&P 500 index closed at 4,443.95, marking a decrease of 9.58 points, or 0.22 percent.
Dow Jones Industrial Average (^DJI) The Dow Jones Industrial Average concluded the day at 34,517.73, experiencing a decline of 106.57 points, equivalent to 0.31 percent.
NASDAQ Composite (^IXIC) The NASDAQ Composite index closed at 13,678.19, down 32.05 points, or 0.23 percent.
Forex Market Report for Tuesday
In the world's foreign exchange markets on Tuesday, various currency pairs exhibited fluctuations, with some experiencing marginal gains and losses. Here's a summary of the latest forex rates:
EURUSD - Euro / US dollar The Euro to US dollar exchange rate, EURUSD, was recorded at 1.0679, marking a decrease of 0.11 percent, or a decline of 0.0012.
USDJPY - US dollar / Japanese yen The US dollar to Japanese yen pair, USDJPY, stood at 147.85, showing an increase of 0.17 percent, or a rise of 0.25.
USDCAD - US dollar / Canadian dollar The US dollar to Canadian dollar exchange rate, USDCAD, was at 1.3441, reflecting a decrease of 0.32 percent, or a drop of 0.0043.
GBPUSD - British pound / US dollar The British pound to US dollar pair, GBPUSD, reached 1.2395, indicating an increase of 0.11 percent, or a gain of 0.0013.
USDCHF - US dollar / Swiss franc The US dollar to Swiss franc pair, USDCHF, stood at 0.8978, demonstrating a rise of 0.09 percent, or an increase of 0.0008.
AUDUSD - Australian dollar / US dollar The Australian dollar to US dollar exchange rate, AUDUSD, was at 0.6456, showing an increase of 0.31 percent, or a rise of 0.0019.
NZDUSD - New Zealand dollar / US dollar The New Zealand dollar to US dollar pair, NZDUSD, reached 0.5933, indicating an increase of 0.29 percent.
Global Stock Markets Show Mixed Results on Tuesday
In a day marked by mixed performances across global stock markets, investors remained cautious as they navigated through various economic indicators and geopolitical events. Here's a summary of the closing stock market quotes rom around ther world for Tuesday:
S&P/TSX Composite Index (^GSPTSE) In Canada, the S&P/TSX Composite index finished at 20,218.89, with a notable decrease of 273.94 points, or 1.34 percent.
London, United Kingdom - FTSE 100 The FTSE 100 in London closed at 7,660.20, marking a modest gain of 7.26 points.
Europe - ESTX 50 PR.EUR The ESTX 50 PR.EUR in Europe closed at 4,242.70, down 3.18 points.
Euronext - Euronext 100 Index Euronext's 100 Index ended at 1,345.39, gaining 1.54 points.
Frankfurt, Germany - DAX PERFORMANCE-INDEX Germany's DAX PERFORMANCE-INDEX closed at 15,664.48, experiencing a decrease of 62.64 points.
Paris, France - CAC 40 The CAC 40 in Paris ended the day at 7,282.12, with a positive change of 5.98 points.
Brussels, Belgium - BEL 20 The BEL 20 in Brussels, Belgium, closed at 3,677.75, recording an increase of 3.71 points.
Moscow, Russia - MOEX Russia Index The MOEX Russia Index in Moscow concluded at 2,222.51, with a decrease of 4.14 points.
Tokyo, Japan - Nikkei 225 Japan's Nikkei 225 index closed at 33,242.59, down by 290.50 points.
Hong Kong - HANG SENG INDEX The HANG SENG INDEX in Hong Kong concluded the day at 17,997.17, gaining 66.62 points.
Shanghai, China - SSE Composite Index The SSE Composite Index in Shanghai closed at 3,124.96, recording a decline of 0.98 points.
Shenzhen, China - Shenzhen Index China's Shenzhen Index finished at 10,125.73, down 74.31 points.
Singapore - STI Index Singapore's STI Index finished at 3,240.75, down by 22.64 points.
Mumbai, India - S&P BSE SENSEX India's S&P BSE SENSEX concluded at 67,596.84, down by 241.79 points.
Mumbai, India - NIFTY 50 India's NIFTY 50 index closed at 20,133.30, down 59.05 points.
Jakarta, Indonesia - IDX COMPOSITE Indonesia's IDX COMPOSITE ended at 6,980.32, gaining 44.24 points.
Kuala Lumpur, Malaysia - FTSE Bursa Malaysia KLCI The FTSE Bursa Malaysia KLCI in Kuala Lumpur closed at 1,457.66, down 0.33 points.
Seoul, South Korea - KOSPI Composite Index South Korea's KOSPI Composite Index concluded at 2,559.21, down 15.51 points.
Taipei, Taiwan - TSEC weighted index The TSEC weighted index in Taipei, Taiwan, closed at 16,636.32, marking a decrease of 61.92 points.
Sydney, Australia - ALL ORDINARIES Australia's ALL ORDINARIES index closed at 7,395.00, recording a decrease of 33.10 points.
Sydney, Australia - S&P/ASX 200 The S&P/ASX 200 in Sydney, Australia, closed at 7,196.60, marking a decrease of 33.80 points.
Wellington, New Zealand - S&P/NZX 50 INDEX GROSS New Zealand's S&P/NZX 50 INDEX GROSS closed at 11,344.52, with a decline of 52.48 points.
Johannesburg, South Africa - Top 40 USD Net TRI Index South Africa's Top 40 USD Net TRI Index concluded at 3,864.73, with an increase of 2.42 points.
Tel Aviv, Israel - TA-125 Israel's TA-125 index ended at 1,861.79, with a decrease of 3.90 points.
Cairo, Egypt - EGX 30 Price Return Index Egypt's EGX 30 Price Return Index concluded at 19,954.30, with an increase of 202.50 points.