US Stock Markets Decline on Tuesday
The US stock markets closed lower on Tuesday, with the Dow Jones Industrial Average calculated at 44,850 points, a 0.3 percent increase from the previous trading day.
Minutes earlier, the broader S&P 500 had risen by around 0.9 percent to approximately 6,065 points and the technology-heavy Nasdaq 100 had increased by around 1.6 percent to around 21,460 points, with the Nasdaq itself at 13,455 points.
This marked a recovery for Wall Street after the shock from China’s AI news at the start of the week. Shares of chip giant Nvidia, for instance, managed to recover part of their monthly losses.
The European common currency, the euro, was weaker on Tuesday evening: one euro was worth 1.0432 US dollars and one dollar was worth 0.9586 euros.
Gold prices, however, benefited from the situation, with the price per ounce rising by 0.8 percent to 2,765 US dollars, equivalent to 85.22 euros per gram.
Meanwhile, the oil price increased, with a barrel of the North Sea’s Brent crude oil costing 77.61 US dollars at around 22:00 Central European Time on Tuesday, a 53-cent or 0.7 percent increase from the previous day’s close.