US Stocks Slightly Rise, Reaching New Closing Historical Highs

According to Zhitong Finance, on Tuesday, the three major indices had mixed results, with the Nasdaq and S&P 500 both slightly rising, reaching new closing historical highs.

Major U.S. stock indices closed mixed on Tuesday with the Nasdaq and S&P 500 eking out new record closing highs. The Dow Jones Industrial Average fell slightly.

As of the close, the Dow Jones Industrial Average lost 76.47 points, or 0.17%, to 44,705.53. The Nasdaq Composite gained 76.96 points, or 0.40%, to 19,480.91. The S&P 500 rose 2.73 points, or 0.05%, to 6,049.88.

Among individual actives, Intel (INTC.US) fell 6.1%. NVIDIA (NVDA.US) rose 1%. Tesla (TSLA.US) lost 1.5%.

The Nasdaq Golden Dragon China Index advanced 1.1%. Alibaba (BABA.US) slid 0.3%. Nio (NIO.US) gained 5%.

European stock markets closed higher on Tuesday. The German DAX 30 index rose 133.85 points, or 0.67%, to close at 20,041.95 points; the UK FTSE 100 index rose 46.48 points, or 0.56%, to close at 8,359.37 points; the French CAC 40 index rose 18.53 points, or 0.26%, to close at 7,255.42 points; the Euro Stoxx 50 index rose 31.02 points, or 0.64%, to close at 4,877.75 points; the Spanish IBEX 35 index rose 140.11 points, or 1.19%, to close at 11,875.41 points; the Italian FTSE MIB index rose 356.83 points, or 1.07%, to close at 33,840.00 points.

Major Asia-Pacific stock markets closed higher on Tuesday with the Nikkei 225 index gaining nearly 2%. The Nikkei 225 index rose 1.91%, the Jakarta Composite Index in Indonesia rose by over 2%, and the KOSPI index in South Korea rose by over 1.8%.

Bitcoin rose slightly on Tuesday, priced at $95,886.36 per coin at the time of writing. Ethereum fell 0.98%, priced at $3,607.46 per coin.

Oil prices rose slightly on Tuesday with Brent crude oil up 0.7% to $72.33 per barrel and WTI crude oil futures up 1% during the day, currently priced at $68.79 per barrel.

Base metals closed mostly higher on the London Metal Exchange on Tuesday with LME copper futures up $119 to $9,112 a tonne. LME aluminum futures rose $20 to $2,610 a tonne. LME zinc futures gained $19 to $3,096 a tonne. LME lead futures rose $4 to $2,080 a tonne. LME nickel futures rose $322 to $16,015 a tonne. LME tin futures gained $251 to $28,824 a tonne. LME cobalt futures were flat at $24,300 a tonne.

Federal Reserve Governor Cook expects the job market to rebound from the weakness reported in October. Federal Reserve Governor Cook stated that she expects the employment growth report for November, to be released on Friday, to show a rebound from the weak data affected by storms and strikes last month. "The latest employment data on Friday will rebound, perhaps not fully, but we will see some," Cook said at the Detroit Economic Club, adding that the U.S. may have essentially reached full employment, "the question is whether we can maintain this state."

Federal Reserve's Daly: Fed policymakers need to keep an open mind about the timing of interest rate cuts. San Francisco Federal Reserve Bank President Daly stated on Tuesday that due to the strong state of the U.S. economy, the inflation rate is expected to reach 2%, and the labor market is fully balanced, it is not impossible for the Fed to cut interest rates at the upcoming meeting on December 17-18, but it is not a certainty either. "We must continue to adjust policy. Whether it is in December or at some later time, this is a question we will have the opportunity to debate and discuss at the next meeting," Daly said. "I think we need to keep an