wallstreet2-103112_17jul18.jpg After ending the previous session mixed, stocks continue to turn in a lackluster performance in morning trading on Tuesday. The major averages initially moved to the downside but have climbed back near the unchanged line since then.

Stocks may continue to show a lack of direction in early trading on Tuesday following the lackluster performance seen in the previous session. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures down by just 1 point.


All eyes are on Congressional testimony of Jerome Powell at 10.00 am ET. The continued worries on U.S-China trade war and the extended decline of oil prices might have an impact on investor's sentiments. President Trump attracted criticism for defending Russia during his meeting with President Putin....


European stocks were struggling for direction on Tuesday as oil extended the previous session's losses, corporate earnings proved a mixed bag and investors awaited Federal Reserve Chairman Jerome Powell's testimony for possible clues on the outlook for U.S. interest rate rises. The pan-European Stoxx...


Major Averages Close Mixed Following Lackluster Session - U.S. Commentary

Following the strong upward move seen last week, stocks turned in a lackluster performance during trading on Monday. The major averages showed a lack of direction, spending the day bouncing back and forth across the unchanged line before closing mixed.
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Sensex, Nifty End Higher After Late Hour Buying

Indian shares rose on Tuesday as reports of capital infusion helped lift banking stocks and a sharp fall in oil prices overnight spurred a rally in the oil sector. Weak cues from Asia and Europe served to limit the upside in the broader market. The benchmark 30-share BSE Sensex rose by 196.19 points...
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Sensex, Nifty End In The Red As Pharma Stocks Drag

Indian shares fell notably on Monday, with pharma stocks coming under heavy selling pressure, after a U.S. district court granted a preliminary injunction against Dr. Reddy's Laboratories on generic (buprenorphine and naloxone) sublingual film. Weak global cues also kept investors nervous. Asian and...
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Dollar Little Changed Ahead Of Powell Testimony

The dollar is slightly lower against all of its major rivals Monday afternoon, but remains little changed overall. Investors are in a cautious mood ahead of Fed Chair Jerome Powell's congressional testimony this week. Traders will be keeping a close eye on his testimony Tuesday and Wednesday for...
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FTSE 100 Edges Higher After Labor Market Data

U.K. shares were flat to slightly higher on Tuesday as investors watched oil price movements and the latest employment data came in pretty much in line with expectations. Britain's employment level set a fresh record in the three months to May and unemployment was unchanged, yet pay growth eased...
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Canadian Stocks Are Struggling As Crude Prices Fall - Canadian Commentary

The Canadian stock market is down again Tuesday morning. The continued weakness in crude oil prices is weighing on shares of energy stocks. Trading activity is rather subdued as investors monitor the first day of Federal Reserve Chairman Jerome Powell testimony before Congress. Investors are hoping for...
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Gold Rises On Dollar Weakness Ahead Of Powell's Testimony

Gold prices rose slightly on Tuesday and the dollar treaded water as investors awaited Federal Reserve Chairman Jerome Powell's first congressional testimony for possible clues on the outlook for U.S. interest rate rises. Spot gold was up 0.33 percent at $1,242.12 an ounce while U.S. gold futures...
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Treasuries Climb Well Off Worst Levels But Still Close Lower

Treasuries showed a moderate move to the downside during trading on Monday but closed well off their worst levels of the day. After coming under pressure early in the session, bond prices regained some ground as the day progressed.
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Looming Powell Testimony May Lead To Roughly Flat Open On Wall Street

The major U.S. index futures are pointing to a roughly flat opening on Tuesday, with stocks likely to extend the lackluster performance seen in the previous session. Traders may remain reluctant to make significant moves ahead of Federal Reserve Chairman Jerome Powell’s semiannual monetary policy...
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