- Djokovic hails Nadal 'legacy' as Alcaraz in 'shock' over retirement
- Obama hits campaign trail for Harris
- Delta eyes Election Day travel pullback as profits climb
- Djokovic tells Nadal: 'Your legacy will live forever'
- Ethel Kennedy, wife of RFK, dead at 96
- Zelensky denies ceasefire with Russia under discussion on trip
- Florida battered by hurricane, floods but spared 'worst-case scenario'
- After long fight for glory, Nadal leaves with a legacy of memories
- Home hopes Zheng and Wang through to last-eight in Wuhan Open
- UN peacekeepers say Israel fired on Lebanon HQ, injuring 2
- UK's William and Kate in first joint public engagement since cancer treatment
- Alcaraz out as top players pay tribute to Nadal at Shanghai Masters
- Racing's Farrell 'not thinking' about British and Irish Lions
- Alcaraz, Sinner pay tribute to 'unbelievable' Nadal at Shanghai Masters
- Over 200 women in legal talks with Harrods over Fayed abuse claims
- After K-pop, K-novels? South Korean Nobel win sparks joy, hope at home
- After Nadal exit, Djokovic left to rage against dying of the light
- A very stiff breeze: BBC says sorry for 20,000 kph wind forecast
- Triple centurion Brook happy to break Dad's club record
- Zelensky touts 'victory plan' against Russia in Macron talks
- Musk finally unveiling his long-promised robotaxi
- UN peacekeepers accuses Israel of firing on Lebanon HQ
- London's Frieze art fair goes potty for ceramics
- Southgate taking year out from coaching
- US, Europe stocks fall on US inflation data
- Zelensky meets Macron in Paris as part of European tour
- Hurricane Milton shreds Florida stadium roof
- UN probe accuses Israel of seeking to 'destroy' Gaza healthcare
- US consumer inflation eases to 2.4% in September
- England in sight of victory after Brook's triple hundred
- Juventus readmitted to ECA after failed Super League revolt
- World number 2 Alcaraz knocked out of Shanghai Masters by Machac
- Leaders of Egypt, Eritrea, Somalia meet amid regional tensions
- Klopp's Red Bull decision 'ruined life's work' say Dortmund fans
- Han Kang wins South Korea's first literature Nobel
- S. Korea's Nobel winner Han Kang a modest, thought-provoking writer
- Hurricane Milton tornadoes kill four in Florida amid rescue efforts
- The almost impossible job: Beating Rafael Nadal at the French Open
- New French government faces key test with budget plan
- Rescuers say Israeli strike on Gaza school kills 28
- Italy's ex-world champion gymnast Ferrari announces retirement
- Zelensky talks 'victory plan' in meeting with Starmer, Rutte
- South Korea's Han Kang wins literature Nobel
- Federer lauds retiring Nadal's 'incredible achievements'
- Ikea posts fall in annual sales after lowering prices
- Australia beat China 3-1 to resurrect World Cup campaign
- Stock markets diverge, oil gains after China rebounds
- Nadal defied injury woes in record-breaking career
- Nadal v Djokovic, French Open, 2006: Chapter One in epic rivalry
- World can't 'waste time' trading climate change blame: COP29 hosts
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S&P 500, Nasdaq set records as European bourses fall
Major US equity indices edged to new records Tuesday following congressional testimony from Federal Reserve Chair Jerome Powell, while Europe's main stock markets were dragged lower by political uncertainty in France.
Both the S&P 500 and Nasdaq eked out all-time highs after Powell pointed to "modest" progress in the battle to counter inflation. The Dow retreated slightly.
"More good data would strengthen our confidence that inflation is moving sustainably toward two percent," Powell told a Senate panel in remarks that kept alive hopes for potential interest rate cuts later this year.
The tech-rich Nasdaq finished at 18,429.29, up 0.1 percent, its sixth straight record.
"So much good news is already discounted in the market that it would be easy for it to get a bit of news that's negative and then correct," said Tom Cahill of Ventura Wealth Management. "It's gone so far so fast."
But the Paris CAC 40 fell 1.2 percent -- following on Monday's 0.6-percent drop -- as investors fretted over the results of Sunday's elections, which produced a badly divided parliament where the largest block of seats were won by a left-wing alliance.
The French stock market "is the weakest performer in Europe," noted Kathleen Brooks, research director at XTB.
"Although France has no clear leader right now, the prospect of a far-left party calling the shots and increasing both taxes and spending is worrying investors, and thwarted hopes of a post-election recovery rally in French assets and the euro," she said.
London's top-tier FTSE 100 index fell 0.7 percent, dragged down by a four-percent drop in BP shares after the British energy giant warned second-quarter earnings could take an impairment hit of up to $2 billion.
In the United States, investors are also looking to consumer inflation data due out Thursday for further indications that price increases are still easing as hoped, which would give the Fed greater confidence to start cutting rates.
Wall Street's main indices had mostly advanced on Monday, with the S&P 500 and Nasdaq both reaching new records.
The optimistic mood continued into Asia, with Tokyo climbing two percent to close at a record high.
Shanghai reversed early losses to end 1.3-percent after Moo Ratings revised up its 2024 GDP forecast for China to 4.5 percent.
Among individual companies, Boeing fell 1.4 percent after reporting it delivered 44 planes in June, its best month so far in 2024. However, overall commercial plane deliveries for the second quarter still dropped by nearly one-third to 92.
Tesla jumped 3.7 percent, rising for the 10th straight session amid anticipation of the company's presentation on "Robotaxis" next month.
- Key figures around 2040 GMT -
New York - Dow: DOWN 0.1 percent at 39,291.97 (close)
New York - S&P 500: UP 0.1 percent at 5,576.98 (close)
New York - Nasdaq composite: UP 0.1 percent at 18,429.29 (close)
London - FTSE 100: DOWN 0.7 percent at 8,139.81 (close)
Paris - CAC 40: DOWN 1.6 percent at 7,508.66 (close)
Frankfurt - DAX: DOWN 1.3 percent at 18,236.19 (close)
EURO STOXX 50: DOWN 1.3 percent at 4,903.62 (close)
Tokyo - Nikkei 225: UP 2.0 percent at 41,580.17 points (close)
Hong Kong - Hang Seng Index: FLAT at 17,523.23 (close)
Shanghai - Composite: UP 1.3 percent at 2,959.37 (close)
Euro/dollar: DOWN at $1.0819 from $1.0824 at 2030 GMT on Monday
Euro/pound: UP at 84.56 pence from 84.52 pence
Pound/dollar: DOWN at $1.2790 from $1.2807
Dollar/yen: UP at 161.29 yen from 160.83 yen
West Texas Intermediate: DOWN 1.1 percent at $81.41 per barrel
Brent North Sea Crude: DOWN 1.3 percent at $84.66 per barrel
O.M.Souza--AMWN