US stock markets experienced a decline on Tuesday At the close of trading in New York, the Dow Jones Industrial Average stood at 45,296 points, representing a 06 percent decrease from the previous session
The broader S&P 500 followed suit, closing around 6,415 points, down 07 percent Meanwhile, the Nasdaq 100 concluded the day at approximately 23,231 points, a 08 percent decline
The market movements come amid increasing legal challenges to US tariffs Following a court ruling deeming a significant portion of tariffs imposed by the current administration unlawful, an immediate appeal to the Supreme Court is planned The administration has characterized the situation as an “economic emergency” warning of potential consequences should the ruling not be overturned While the legal basis of the tariffs is being debated by experts, the administration may benefit from a potentially sympathetic court, with three justices appointed during its tenure and a further three nominated by prior administrations of the same political affiliation Partisan voting patterns have become increasingly common, even in cases with established legal precedent
Currency markets saw the Euro weaken slightly on Tuesday evening, trading at 11642 US dollars per Euro The US dollar was valued at 08590 Euros
Gold prices experienced a notable increase, reaching 3,537 US dollars per troy ounce (+17 percent), equivalent to 9768 Euros per gram
Oil prices also rose, with Brent crude futures trading at 6916 US dollars per barrel – a 15 percent increase from the previous close