US equity markets presented a mixed performance on Tuesday, closing with varied results. The Dow Jones Industrial Average finished at 44,502 points, marking a gain of 0.4 percent compared to the previous day’s close.
Earlier in the session, the broader S&P 500 reached approximately 6,310 points, showing a modest increase of 0.1 percent. However, the Nasdaq 100 index registered a decline of 0.5 percent, closing near 23,065 points.
Sentiment was dampened by the latest quarterly report from General Motors. The company cited the impact of import tariffs, previously raised by the US administration, which negatively affected the automotive sector. This resulted in a reported profit decline for recent months, prompting a near 8 percent drop in the company’s stock value. Disappointing news also emerged from the defense and tobacco industries, further influencing investor sentiment.
The Euro strengthened against the US dollar, reaching 1.1750 USD per Euro, with the dollar worth 0.8511 EUR.
Gold prices saw a significant boost, reaching $3,432 per fine ounce (+1.1 percent), equivalent to €93.92 per gram.
Conversely, oil prices experienced a decrease; a barrel of Brent North Sea crude traded at $68.82, a 39-cent or 0.6 percent decline from the previous day’s closing price.