The Latest Breaking News on Markets

New offshore projects in Brazil and Guyana shift global supply dynamics as output growth outpaces expected demand

The ASX has ended higher after fading for most of the week, as miners charged on the back of higher commodity prices and optimism rose about a US rate cut.

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 50 points on Tuesday.

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U.S. stocks were higher, with the Dow Jones gaining more than 100 points on Tuesday.

U.S. stocks traded mixed this morning, with the Dow Jones index rising more than 100 points on Tuesday.

(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.)

Major U.S. indexes closed lower on Monday, with the Dow slipping 0.45% to 47,739.32, the SP 500 easing 0.35% to 6,846.51, and the Nasdaq edging down 0.1% to 23,545.90.

U.S. stocks kicked off the week in a mixed pattern, with sentiment turning cautious as traders consider a Fed rate cut all but fully baked into current valuations. CME FedWatch tool currently assigns a 90% likelihood to a quarter-point reduction at the Dec. 10 meeting.