Market Shifts as Investors Respond to Mixed Signals

The S&P 500 and Nasdaq indices fell due to weak consumer confidence and speculations about the Federal Reserve's next policy move, while mining stocks surged thanks to China's new stimulus package. Market reactions were mixed, with key stocks like Amazon, Meta, and Microsoft experiencing declines.

U.S. and European stock markets exhibited mixed performance on Tuesday, impacted by varying economic signals.

The S&P 500 and Nasdaq indices saw declines as investors processed a disappointing consumer confidence report and speculated on future Federal Reserve policies. Despite these losses, material stocks surged following China's unveiling of a comprehensive stimulus package aimed at economic recovery.

At 10:16 a.m., the Dow Jones Industrial Average showed minimal gains, rising 6.17 points to 42,133.64. Both the S&P 500 and Nasdaq Composite indices declined. Visa shares dropped 4% following a report that the DOJ plans to file an antitrust lawsuit. Meanwhile, Chinese firms like Alibaba and Li Auto showed significant gains due to domestic market stimulus measures.

(With inputs from agencies.)