Stocks Edge Lower in Thin Trading; Dollar Declines: Markets Wrap
- With several major markets shuttered and trading volumes thin before the New Year’s holiday, the dominant moves on Tuesday reflected some common investor expectations for 2020: dollar weakness and caution in stocks.
- Contracts on the S&P 500 Index fluctuated in a small range a day after the underlying gauge fell the most in more than three weeks. Shares struggled for traction in Europe and slipped in Asia as the blockbuster year headed for a lackluster finish.
- Utility and food shares led Tuesday’s decliners on the Stoxx Europe 600 Index, though the benchmark was still on track for its best annual performance in a decade with a 23% gain.
(Source: Bloomberg)