• The Dow Jones Industrial Average .DJI rose 22.79 points, or 0.1 percent, to 23,580.78, the S&P 500 .SPX lost 1 points, or 0.04 percent, to 2,601.42 and the Nasdaq Composite .IXIC dropped 10.64 points, or 0.15 percent, to 6,878.52.
Wall Street’s major indexes ended little changed on Monday, retreating modestly from record highs set during the session, as gains for Amazon countered losses in shares of energy companies.
• Investors also digested strong economic data, which showed sales of new U.S. single-family homes unexpectedly rose in October to a 10-year high amid robust demand across the country.
• Prospects for corporate tax cuts have also occupied market watchers who hope such reforms would further fuel the record-setting run for equities.
• President Donald Trump summoned Senate Republican tax-writers to the White House to urge passage of a sweeping tax bill as Republicans rushed to bring the bill to a Senate vote, possibly as soon as Thursday.
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• Major Asian indexes searched for direction on Tuesday, following a narrowly mixed close on Wall Street overnight. With little data due during the session, markets could turn their attention to events later this week.
Japan's Nikkei 225 declined 0.52 percent in early trade as the yen firmed. Major exporters struggled, with automakers and tech stocks trading mostly lower early in the session. Still, Toyota and Honda continued to cling to gains, rising 0.44 percent and 0.68 percent, respectively. Energy-related names were lower after oil prices slid overnight.
Across the Korean Strait, the Kospi was off 0.04 percent as blue-chip tech stocks extended Monday's declines. Samsung Electronics slid a further 0.84 percent after closing lower by more than 5 percent in the last session following a Morgan Stanley report that downgraded its stock. Other tech plays also edged down, offseting gains seen in manufacturing and finance names.
Reference: Reuters, CNBC
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