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Global Market Wrap: Up and Down the Breakeven Line

By Marco Hague

 About this article:
 Equity Futures: Dow +5.00. S&P -1.40. Nasdaq +4.50. Japan Nikkei +30.00. German DAX +7.00. U.S. Trade: The U.S. market traded flat for most of Tuesday trade, after the Dow Jones index hit a 13-month high in the previous session. S&P futures saw thin trading volumes, moving in a range of only nine points, or less than 1%. The three major U.S. indexes, the S&P 500, the Dow Jones and the NASDAQ, started the day in the red, advanced above the breakeven line, but then fell again, posting negative numbers at the close. This lack of momentum came just one day after the U.S. market advanced 2%, aided by the G20's statement that it would maintain quantitative easing programs and a generally low level of interest rates. The lack of movement seen in S&P futures trading was echoed in the currency and commodity markets, where the dollar index...

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