• The Dow Jones Industrial Average .DJI rose 46.34 points, or 0.19 percent, to 23,979.10, the S&P 500 .SPX gained 8.69 points, or 0.33 percent, to 2,613.16 and the Nasdaq Composite .IXIC added 35.23points, or 0.51 percent, to 6,950.34.
Wall Street’s major indexes rose on Monday as a softer stance by U.S. policymakers on China tariffs powered a rebound from last week’s selloff, but stocks pared much of their gains late in the session after a report that the Federal Bureau of Investigation raided the office of President Donald Trump’s lawyer.
• Russian stocks crashed on Monday, while aluminum prices spiked, after the United States levied its harshest sanctions to date against Russia.
The Russian RTS index plunged 11.4 percent, its biggest one-day decline since Dec. 16, 2014 when it fell 12.4 percent. Meanwhile, the VanEck Vectors Russia exchange-traded fund (RSX) dropped 10.7 percent.
Monday's sharp declines come after the U.S. sanctioned several Russian oligarchs, officials, businesses and agencies on Friday. The U.S. also froze assets from these entities that were under U.S. jurisdiction. The sanctions prohibit U.S. citizens or entities from doing business with the sanctioned Russian entities. "Additionally, non-U.S. persons could face sanctions for knowingly facilitating significant transactions for or on behalf of the individuals or entities blocked today," the Treasury Department said Friday.
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• Asian markets traded lower in early Tuesday trade after an overnight rally on Wall Street lost steam.
In Japan, the Nikkei 225 edged down by 0.59 percent and the Topix slipped 0.44 percent, with weakness coming through from financials, retailers and semiconductor-linked names. Major automakers also came under slight pressure.
• South Korea's Kospi index, meanwhile, lost 0.68 percent as technology stocks broadly declined.
Shipmakers also struggled following news that STX Offshore & Shipbuilding, which is not listed, would be filing for bankruptcy. Daewoo Shipbuilding & Marine Engineering was lower by 4.04 percent.
Reference: Reuters, CNBC
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