Forex Sky Eye APP News: U.S. stocks lost momentum in a volatile trading day on Tuesday, with the Dow Jones Industrial Average giving up more than 900 points in the morning.
major stock indexes appear to be ready to rise further on Monday's sharp rise, but swings in the last hour of the trading session and a decline at the close. Intel (Intel, INTC), UnitedHealth (UNH) and Morgan Stanley (MS) all closed lower after rising in the morning.
Dow Jones Industrial Average fell 26.13 points to close at 22,653.86, or 0.1%. The blue-chip index rose 4.1% earlier in the session, based on a 7.7% rise on Monday. S&P 500 fell 4.27 points to 2,659.41, or 0.2%. Both indexes of
have experienced the most violent intraday fluctuations in more than 10 years. For the Dow Jones Industrial Average, the fluctuation on Tuesday was the largest since October 14, 2008, when the Dow Jones Industrial Average rose 5.7% intraday and fell 0.8% at the close of the two indexes, which are still about 20% lower than their mid-February highs.
Travel and leisure stocks once again became the highlight of the market on Tuesday. American Airlines Group (AAL) rose 7.6%, JetBlue Airways (JBLU) rose 13%, and United Airlines Holdings Inc (UAL) rose 1.9%. Among the
cruise stocks, Royal Caribbean Cruises (RCL) rose 13%, Carnival Cruises (Carnival, CCL) rose 11%, and Norwegian Cruise Line Holdings Ltd. (NCLH) rose 10%. These six stocks have all fallen by more than 50% this year.
10-year U.S. Treasury yield rose to 0.735% from 0.675% on Monday.
European Stoke 600 index closed up 1.9%.
