US Stocks Pause, South Korea ETFs Fall On Political Turmoil, Oil Prices Rise Above $70: What's Driving Markets Tuesday?

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US Stocks Pause, South Korea ETFs Fall On Political Turmoil, Oil Prices Rise Above $70: What's Driving Markets Tuesday? - Benzinga

Quick Summary:

Sectors traded within narrow ranges, with energy and communication services showing slight outperformance.Meta Platforms Inc.(NASDAQ:META) stood out, as its shares climbed by 2.1%, setting fresh all-time highs.In economic news, U.S.job openings rose to 7.744 million in October, exceeding expectations of 7.48 million and improving from September’s 7.372 million reading.

U.S.stocks paused for a breather Tuesday, with major equity indices hovering near the flatline as investors digested global developments, including China’s ban on key raw material exports to the U.S.and South Korea’s political turmoil following the president’s announcement of martial law.

Korean-linked exchange traded funds such as the iShares MSCI South Korea ETF (NYSE:EWY) fell by 2.7%, recovering some ground from sharper morning losses.