Global Markets Tumble as Crude Prices Plummet and ETFs Struggle
The US stock market ended mixed, with the S&P 500 remaining almost unchanged. Economic data showed improvements in ISM manufacturing PMI and construction spending. In Asia, Japan's Nikkei 225 and Australia's S&P/ASX 200 both closed lower, while China's markets were closed for a holiday. The Hang Seng index in Hong Kong declined. In the Eurozone, the STOXX 600 index, Germany's DAX, and France's CAC 40 all declined, while the UK's FTSE 100 traded higher. Crude oil prices traded below $90, and forex markets saw fluctuations in the US Dollar Index, USD/JPY, and AUD/USD.