Dow Ticks Up at Open; Bitcoin Drops Below $90,000 — WSJ

Dow Ticks Up at Open; Bitcoin Drops Below $90,000 — WSJ

By Katy Barnato and Hannah Erin LangInvestors appear on edge early Tuesday, with geopolitics in the spotlight. Stocks swung between small losses and gains, while Treasury prices rose and cryptocurrencies sold off.The U.S. won backing Monday for a United Nations resolution on the Ukraine war that doesn't blame Russia for it and calls for a swift end to the conflict. Russia's ruble strengthened against the dollar after President Trump signaled an economic deal could be part of a peace agreement.Meantime, Trump has said tariffs on Canada and Mexico are set to move forward next week.In recent trading:Stocks posted small moves, after Monday's tech-led selloff.Treasury yields fell to around 4.32%. They had settled Monday at 4.39%, the lowest end-of-day level this year.Bitcoin prices dropped below $90,000 as part of a broader selloff in cryptocurrencies.European aerospace and defense stocks rallied further on expectations of higher spending by governments in the region.Shares in Japanese trading houses jumped after Warren Buffett said Berkshire Hathaway's stakes in them would likely increase. Japan's Nikkei 225 fell 1.4%; markets there were shut Monday for a holiday.Chinese stocks dropped. Hong Kong's Hang Seng Index fell 1.3% and the Shanghai Composite lost 0.8%.Coming up:A consumer-confidence report is due at 10 a.m. ET.Write to Katy Barnato at [email protected] and Hannah Erin Lang at [email protected] item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

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