Global Markets: S&P at lifetime high; Nasdaq slips red

The US markets closed mixed as S&P and Dow added gains but Nasdaq slipped, SGX Nifty opened positive.

US Markets

The S&P 500 ended up slightly and the Nasdaq fell on Monday as investors extended a rotation into value stocks from heavyweight tech-related names while awaiting news on progress in a US fiscal support bill.The Dow Jones Industrial Average rose 359.4 points, or 1.31%, to 27,792.88, the S&P 500 gained 9.33 points, or 0.28%, to 3,360.61 and the Nasdaq Composite dropped 42.63 points, or 0.39%, to 10,968.36.


Asian Markets

Asian stocks were set for a cautious start on Tuesday, following a mixed Wall Street session and as investors eyed stalled US stimulus efforts and worsening strains between Washington and Beijing over Hong Kong.Australian S&P/ASX 200 futures fell 0.05% in early trading. Japan’s Nikkei 225 futures slipped 0.04%. Tokyo markets were closed for a public holiday on Monday. Hong Kong’s Hang Seng index futures rose 0.43%. 

SGX Nifty

Trends on SGX Nifty indicate a positive opening for the index in India with a 30 points gain. The Nifty futures were trading at 10,349 on the Singaporean Exchange around 07:30 hours IST