Fri, 27 Jan 2023

NEW YORK, New York - Stocks in the United States were mixed on Tuesday after an interesting day which saw 80 NYSE-listed stocks disrupted due to a technical glitch.

"It looks like NYSE got on it real early," Joseph Sroka, chief investment officer at NovaPoint in Atlanta, Georgia told Reuters news agency Tuesday. "Now they're trying to determine what opening trade prices were."

"Everyone involved in trade settlements is going to have a long day today."

The glitch aside, investors focused on earnings and expected actions by the Federal Reserve.

"Earnings don't make a bull or bear case for the market yet, but there's an anxiousness among investors to be long when the Fed is done raising rates," Sroka said. "We're hitting a ramp in the earnings cycle, and by next week we'll have a lot more information on the direction of the market."

The Dow Jones made a decent gain while the Standard and Poor's 500 and Nasdaq Composite slipped.

The Dow at the finish Tuesday was ahead 104.40 points or 0.31 percent at 33,733.96.

The Nasdaq Composite dipped 30.14 points or 0.27 percent to 11,334.27.

The Standard and Poor's 500 edged down 2.87 points or 0.07 percent to 4,016.94.

The U.S. dollar lost ground against the major currencies with the exception of the British pound. The euro climbed to 1.0885 by the U.S. close Tuesday. The Japanese yen shot up to 130.15. The Swiss franc was only slightly higher at 0.9225.

The Canadian dollar was little changed at 1.3365. The Australian and New Zealand dollars extended their recent rallies to last trade at 0.7046 and 0.6504 respectively.

Overseas, the FTSE 100 in London traded down 0.35 percent. The German Dax dropped 0-.07 percent, while the Paris-based CAC 40 edged up 0.26 percent.

In Japan, the Nikkei 225 advanced 1.46 percent. The Hang Seng in Hong Kong did better, adding a hefty 1.82 percent.

The Shanghai Composite in China rose 0.76 percent.

The Australian All Ordinaries gained 0.47 percent. In Singapore, the Straits Times Index rose 0.45 percent.

Indonesia's Jakarta Composite dipped 0.20 percent. In New Zealand, the S&P/NZX 50 declined 0.13 percent.

The South Korean Kospi Composite climbed 0.63 percent.

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