US equity markets displayed cautious trading on Tuesday, concluding with mixed performance. The Dow Jones Industrial Average settled at 44,240 points, reflecting a 0.4% decline compared to the previous day’s close.
The broader S&P 500 registered a slight decrease, closing around 6,225 points and down 0.1%. In contrast, the Nasdaq 100 showed a marginal gain, standing at approximately 22,700 points, representing a 0.1% increase.
Significant volatility was observed in commodity markets. An announcement from the US President regarding the imposition of a 50% tariff on copper imports triggered a sharp price surge. The metal’s value briefly climbed more than 12%, reaching a record high. The timing for the implementation of these tariffs remains unspecified.
The euro strengthened moderately against the US dollar, trading at $1.1723 per euro, with one dollar equivalent to €0.8530.
Gold prices experienced notable retreat, with the spot price falling to $3,302 per fine ounce, a 1% decrease. This translates to €90.56 per gram.
Crude oil prices, meanwhile, demonstrated a substantial increase. Brent North Sea crude traded at $70.29 per barrel as of late evening local time, a rise of $0.71, or 1.0%, compared to the previous day’s closing.