US Stock Markets Close Lower
At the end of trading in New York, the Dow was calculated at 41,581 points, a 0.6 percent decrease compared to the previous trading day.
Minutes earlier, the broader S&P 500 was around 5,615 points, down 1.1 percent and the technology-focused Nasdaq 100 was around 19,483 points, down 1.7 percent.
Nvidia presented new graphics chips at its annual developer conference in the evening, a move closely watched by investors who are looking for clues on the future role of “Artificial Intelligence” in the entire economy. The company’s stock initially fell, suggesting that the high expectations of investors were not met. Meanwhile, the chip designer is betting on a possible new trend with a humanoid robot, announcing that the age of general-purpose robotics has begun.
In contrast, the European single currency was stronger, with one euro costing 1.0946 US dollars and one dollar being worth 0.9136 euros at the end of the day.
The gold price was able to profit significantly, with one fine ounce being sold for 3,037 US dollars in the evening (+1.2 percent), equivalent to 89.20 euros per gram.
The oil price, however, fell: a barrel of the North Sea’s Brent crude cost around 70.56 US dollars at 9:00 pm German time, a 51-cent or 0.7 percent decrease from the close of the previous trading day.