Markets were flat early Tuesday in thin holiday trading ahead of the release of new data on the performance of the U.S. economy in the third quarter.
Futures prices for the S&P 500, Dow Jones Industrial Average, and Nasdaq were all essentially unchanged before the opening bell.
Shares in Danish drugmaker Novo Nordisk soared more than 7% overnight after U.S. regulators approved a pill version of its blockbuster product. weight loss drug wegobeethe first daily oral medication to treat obesity. Novo’s Wegovy is a GLP-1 drug that works similarly to widely used injectables. mimic natural hormones Controls appetite and satiety.
Setting another record, gold prices rose 1.2% to $4,523.30 an ounce early Tuesday, adding to consistent gains throughout the year. Silver rose 1.7% to $69.71 an ounce.
Oil prices rose modestly early Tuesday after rising more than 2% on Monday, but the U.S. Coast Guard announced: was following another licensed oil tanker. In the Caribbean.
Benchmark U.S. crude oil added 4 cents to $58.05 a barrel. The international standard Brent crude oil price rose 7 cents to $62.14 per barrel.
Oil prices have fallen about 19% since early 2025 due to lagging demand, even after rising for five straight days. Conditions at U.S. factories are deteriorating, with a measure of production activity at a five-month low, according to S&P Global.
U.S. markets closed early Wednesday and will remain closed Thursday for the Christmas holiday. But several economic reports during the shortened week could shed further light on the state and direction of the U.S. economy.
On Tuesday, the government will release the first of three estimates for gross domestic product that reflect the broader state of the U.S. economy for the third quarter. The Conference Board will also release the results of its December Consumer Confidence Survey.
On Wednesday, the Labor Department will release its weekly update on unemployment benefit claims, a proxy for layoffs in the United States.
In Europe, Germany’s DAX was up 0.1% as of midday, while Paris’ CAC40 index was down 0.2%. The UK’s FTSE 100 index remains unchanged.
In Asia, Tokyo’s Nikkei Stock Average was flat at 50,412,87 yen, and the dollar fell against the yen after Tokyo officials warned they would intervene if the yen weakened further.
The dollar traded at 155.95 yen, down from 157.04 yen late Monday. After the Bank of Japan raised its key policy interest rate on Friday, the yen fell instead of rising, prompting the usual objections from the Finance Ministry to larger-than-usual currency fluctuations.
“The suggestion of currency intervention turned out to be a very serious threat, and the yen, which had been heavily oversold after the Bank of Japan meeting, rose from the ashes,” FX professional Alex Kruptsikevic said in a commentary.
The euro rose to $1.1797 from $1.1762.
Hong Kong’s Hang Seng gave up early gains and fell 0.1% to 25,774.14. The Shanghai Composite Index rose 0.1% to 3,919.98.
South Korea’s Kospi rose 0.3% to 4,117.32. Shares of shipbuilder Hanwha Ocean rose 12.5% after President Donald Trump said he would support shipbuilding. new US battleship At Hanwha Philadelphia Shipyard.
Australia’s S&P/ASX 200 rose 1.1% to 8,795.70.
Taiwan’s Thai trade rose 0.6%, while India’s Sensex was almost flat.
