The Stock Markets in New York Remained Close to Home

The stock markets in New York remained close to home on the last trading day of the strong second quarter on Tuesday, after nice gains a day earlier.

 

Investors on Wall Street are cautious about concerns about rising corona contamination rates in some US states and tensions between the United States and China over Hong Kong.

The Dow-Jones index declined 0.2 percent to 25,554 points in the first minutes of trading. The broad-based S&P 500 gained 0.1 percent to 3,054 points.

Since April, the indicator has posted an increase of around 18 percent, helped by government support for the corona crisis and easing lockdown measures in many countries.

Compared to the beginning of this year, the indicator is still about 5 percent lower. Tech fair Nasdaq won 0.2 percent to 9894 points on Tuesday.

The People’s Congress of China has approved the Hong Kong Security Law, which critics say China wants to muzzle pro-democratic demonstrators in Hong Kong.

The US has now begun to scrap Hong Kong’s special status under US law. Beijing has said it will take countermeasures.