U.S. stocks edged higher on Tuesday, continuing a slow upward trend, though signs of fatigue emerged as trading volumes thinned. The S&P 500 added 0.2%, while the Dow Jones Industrial Average climbed 0.1%. The Nasdaq Composite gained 0.3%, supported by strength in tech stocks, but analysts flagged waning momentum.
Source – FXStreet
Investors weighed a mixed bag of economic data and remarks from Federal Reserve officials suggesting caution on future rate hikes. Consumer confidence fell in November, hinting at potential headwinds for spending during the holiday season. Meanwhile, a modest pullback in Treasury yields provided relief for equity markets but failed to ignite a stronger rally.
Market strategists noted a cautious tone amid global economic uncertainties and concerns about high valuations in certain sectors. While stocks have managed to sustain their recent gains, the pace of the rally has slowed, leaving questions about whether the year-end rally could stall.
