NEW YORK, New York - U.S. stock markets closed mixed Tuesday as Americans went to the polls to determine which party will control Congress for the final two years of the Trump presidency. Tech stocks rose, while the broader market retreated, the exact opposite of what occurred on Monday,

The Standard and Poor's 500 rose to 7,562.33, a gain of 20.93 points or 0.28 percent, on volume of 1.765B. The index traded between 7,545.39 and 7,594.61, against a prior close of 7,844.52 and a 52-week low of 6,316.91.

The NASDAQ Composite outperformed, climbing 168.85 points or 0.67 percent to 25,333.21 on volume of 5.198B, within a range of 25,246.64 to 25,474.46.

The Dow Jones Industrial Average bucked the trend, falling 225.17 points or 0.43 percent to 51,758.81 on volume of 244.467M, having traded between 51,593.16 and 51,932.63.

Market participants said the session reflected rotation into growth and technology names at the expense of industrials and financials, while Canadian shares were weighed by weakness in energy and materials.

British Pound and Euro Edge Higher Tuesday as Dollar Firms Against Other Major Currencies

The British pound and euro closed marginally higher against the US dollar on Tuesday, while the greenback strengthened against the other four major currencies tracked, according to the latest foreign exchange market quotes.

EUR-USD settled at 1.1192, a gain of 0.04 percent for the euro. GBP-USD closed at 1.3417, with sterling up 0.08 percent on the day.

The dollar advanced elsewhere. USD-JPY rose to 158.73, up 0.50 percent against the Japanese yen. AUD-USD fell to 0.6964, a decline of 0.50 percent for the Australian dollar. USD-CAD climbed to 1.4004, up 0.12 percent against the Canadian dollar, and USD-CHF reached 0.8210, a gain of 0.27 percent against the Swiss franc.

Traders attributed the split to renewed demand for the dollar against rate-sensitive and commodity-linked currencies, while the pound and euro found modest support from improved risk sentiment in UK and European trading.

Global Markets Close Mixed Tuesday as Asian Gains Offset Canadian, UK, and European Losses

Global stock markets closed mixed on Tuesday, with European indices broadly lower while several Asian benchmarks posted gains, as investors digested a batch of regional economic data.

In Canada, the S&P/TSX Composite index closed at 35,539.41, down 261.68 points or 0.73 percent on volume of 122.955M, with a trading range of 35,437.80 to 35,707.20.

In London, the FTSE 100 closed at 10,638.43, down 122.90 points or 1.14 percent. The index traded between a low of 9,423.90 and a high of 10,761.32, against a previous close of 10,989.50.

On the continent, Germany's DAX P finished at 25,864.62, a decline of 116.47 points or 0.45 percent, with a trading range of 21,863.81 to 26,037.28 and a prior close of 26,618.74. The CAC 40 in Paris ended at 8,020.31, down 27.38 points or 0.34 percent, having ranged between 7,505.27 and 8,107.26.

The EURO STOXX 50 I closed at 6,144.56, down 31.50 points or 0.51 percent, while the Euronext 100 Index settled at 1,870.83, losing 9.16 points or 0.49 percent. Belgium's BEL 20 fell to 5,837.52, down 39.24 points or 0.67 percent.

In Asia, Hong Kong's HANG SENG INDEX bucked the regional trend, rising 132.65 points or 0.57 percent to close at 23,525.97, within a range of 22,518.00 to 23,549.31. Singapore's STI Index, however, slipped to 5,269.29, down 34.54 points or 0.65 percent.

In mainland China, the SSE Composite Index closed at 3,608.10, down 29.93 points or 0.82 percent on turnover of 2.145B. In Japan, the Nikkei 225 ended at 63,081.86, down 208.24 points or 0.33 percent, within a range of 48,235.30 to 63,615.32.

Australia posted modest gains, with the S&P/ASX 200 [XJO] closing at 8,886.80, up 30.30 points or 0.34 percent, and the ALL ORDINARIES [XAO] rising 31.70 points or 0.35 percent to 9,008.90.

India's S&P BSE SENSEX was a standout performer, surging 1,225.07 points or 1.62 percent to 76,917.85. Malaysia's FTSE Bursa Malaysia KLCI added 2.34 points or 0.14 percent to reach 1,621.85, and New Zealand's S&P/NZX 50 INDEX GROSS gained 21.63 points or 0.16 percent to close at 13,720.26.

Elsewhere in Asia, losses were pronounced. Indonesia's IDX COMPOSITE dropped 192.54 points or 3.78 percent to 4,904.29. South Korea's KOSPI Composite Index fell 210.29 points or 3.59 percent to 5,648.79, and Taiwan's TSEC CAPITALIZATION WEIGHTED ST plunged 1,612.60 points or 3.59 percent to 43,307.54.

In the Middle East, in Israel, the TA-125 edged down 1.25 points or 0.03 percent to 3,922.18. Egypt's EGX 30 Price Return Index gained 852.60 points or 1.76 percent to 49,255.70 on volume of 176.078M.

In South Africa, the Top 40 USD Net TRI Index declined 20.42 points or 0.31 percent to 6,554.71.

Analysts noted the divergence reflects varying regional growth outlooks and currency pressures, with European markets weighed by industrial and luxury sector weakness while Indian and Hong Kong shares found support from domestic inflows.

(This report incorporates quotes retrieved with the assistance of artificial intelligence).

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