WASHINGTON (Reuters) – A recent run of optimism in markets hit the brakes on Tuesday, as investors pulled back from major stock indices and turned their attention to safe-haven assets like gold.
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville
After nine days of gains in Asian equities, Europe’s big markets opened with a lurch and ended the day down 1.2%. [.EU][.N] Oil prices trended lower as concerns about a resurgence in coronavirus cases offset recent commitments by major oil producers to rein in production.
The tech-heavy Nasdaq Composite shook off early losses to climb 0.71% and set a fresh record high, while the Dow Jones Industrial Average and S&P 500 were both down at midday.
MSCI’s gauge of stocks across the globe fell 0.24%.
“We’ve gone really far in a short period of time. I would not be surprised to see the market sort of trend side