On Tuesday, US stock markets posted gains. By the close of trading in New York, the Dow reached 48,536 points, representing an increase of 0.7% compared to the previous day. Earlier in the day, the broader S&P 500 was up 1.2% at around 6,967 points, and the technology-focused Nasdaq 100 was calculated at approximately 25,842 points, up 1.8%. Investors were hopeful on Tuesday that a ceasefire between the US and Iran might be extended. Meanwhile, the US military central command announced that it was maintaining the blockade of the Strait of Hormuz. The military reported on X that over 10,000 US sailors, marines, and air force personnel, along with more than a dozen warships and dozens of aircraft, were deployed. No vessel had managed to break through the US blockade within the first 24 hours. The European common currency strengthened on Tuesday evening: the euro cost $1.1793, and consequently, a dollar was available for 0.8480 euros. Gold prices saw significant rises, with fine ounces fetching $4,844 by the evening, an increase of 2.1%. This equated to a price of 132.07 euros per gram. In contrast, oil prices fell sharply; a barrel of Brent crude from the North Sea cost $95.22 at approximately 10 PM Central European Time on Tuesday, which was 414 cents-or 4.2%-less than at the close of the previous trading day.
US Stock Markets Rise Oil Prices Drop
