U.S. stocks ended mixed on Tuesday as investors took a breather following Monday's strong rally.
The Dow Jones Industrial Average rose 559.33 points, or 1.18 percent, to 47,927.96. The Standard & Poor's 500 added 14.18 points, or 0.21 percent, to 6,846.61. The Nasdaq Composite Index shed 58.87 points, or 0.25 percent, to 23,468.3.
Ten of the 11 primary Standard and Poor's 500 sectors ended higher, with health and energy leading the gainers by adding 2.33 percent and 1.29 percent, respectively. Meanwhile, technology bucked the trend by dropping 0.72 percent.
Shares of major technology firms came under pressure on Tuesday. Nvidia fell nearly 3 percent after surging over 5 percent the previous session, following reports that Japan's SoftBank had sold its entire stake in the chipmaker.
CoreWeave dropped more than 16 percent after the Nvidia-backed cloud computing company issued weaker-than-expected guidance on Monday.
On the economic front, a new report from ADP showed that the private sector shed more than 11,000 jobs on average per week over the four weeks ending Oct. 25, suggesting signs of cooling in the labor market.
Meanwhile, late Monday, the U.S. Senate approved legislation to fund the government and end the shutdown. The measure now heads to the House of Representatives, which is expected to vote as soon as Wednesday afternoon. U.S. President Donald Trump has said he will sign the bill.
U.S. stocks close mixed as investors pause after rally
U.S. stocks close mixed as investors pause after rally
A forum on human rights protection in the Chinese path to modernization, was held at Guangzhou University in south China's Guangdong Province on Saturday, bringing together more than 80 experts and scholars of political science and law from leading Chinese universities.
Attendees held in-depth discussions on topics such as "Building China's Independent Knowledge System of Human Rights," "Criminal Law Issues and Human Rights Challenges in the Digital Age," and "Protecting the Rights and Interests of Minors."
During the event, participating experts said that China has developed its own approach to protecting human rights as the country continues to modernize.
"China's approach to human rights protection diverges from the Western path. One of ours is comprehensive cooperation, demonstrated through initiatives like common prosperity, rural revitalization, and Chinese modernization. I believe we must encourage more young people to engage in the development of human rights in China, whether through theoretical research or practical contributions," said Liu Zhiqiang, a professor at the Institute for Human Rights at Guangzhou University. Other scholars emphasized that protecting the human rights of China's 1.4 billion people is a foundational element of the country's modernization, evoking insights from classical Chinese philosophy.
"Chinese modernization is, first, modernization on a massive population scale. Despite the vast size of China’s population, we are committed to ensuring that every individual is respected and that the human rights of all are protected. The principle of 'Benevolence is to love all people' from Chinese philosophy offers profound insight for the world in understanding human rights—emphasizing care, respect for others, and a balanced appreciation for both the rights of others and oneself," said Dong Yanbin, a research fellow at Southwest University of Political Science and Law.
The fourth plenary session of the 20th Central Committee of the Communist Party of China (CPC) in October put forward proposals to advance the development of human rights. The forum in Guangdong aimed to lay a pathway for the implementation of the proposals and contribute to the improvement of the human rights protection system in China.
Forum on Human Rights Protection in Chinese Modernization held in Guangzhou
