U.S. equity markets saw gains on Tuesday, with the Dow Jones Industrial Average closing at 45,711 points, a 0.4 percent increase from the previous trading day.
Shortly before the market close in New York, the broader S&P 500 reached approximately 6,513 points, up 0.3 percent. The Nasdaq 100, a technology-focused index, was valued at around 23,840 points, also reflecting a 0.3 percent increase.
Economic data released on Tuesday indicated a downward revision in job creation figures. The U.S. statistics agency reported that 911,000 fewer jobs were added since March than initially estimated. This revision strengthens the likelihood of a prospective interest rate reduction, a move expected by market participants. These employment figures play a crucial role in the Federal Reserve’s balancing act between controlling inflation and achieving maximum employment.
The euro experienced a slight depreciation against the dollar, trading at $1.1705 at Tuesday evening. Conversely, the dollar was valued at €0.8543.
Gold prices saw a minor decrease, with one fine ounce costing $3,630 (-0.2 percent). This equates to €99.72 per gram.
Crude oil prices, on the other hand, rose. Brent North Sea crude fetched $66.49 per barrel at approximately 10:00 PM German time, representing a $0.47 increase, or 0.7 percent, compared to the previous trading day’s closing price.