U.S. equities slipped on Tuesday. At the close in New York, the Dow Jones Industrial Average settled at 46,124 points, down 0.2 % from the previous day. Around the same time, the broader S&P 500 was trading near 6,556 points, a decline of 0.4 %, while the technology‑focused Nasdaq 100 hovered at about 24,002 points, down 0.8 %.
A few months earlier, Nvidia chief executive Jensen Huang’s remarks that the company had achieved “general artificial intelligence” sparked speculation that a wave of optimism might hit the markets. That enthusiasm did not materialise, partly because the definition of what an AGI must be capable of is still unsettled and has been tempered by AI providers. Additionally, the AI conversation has fallen to the background since the U.S. and Israel’s conflict with Iran shifted global attention.
The euro remained largely unchanged toward the end of the day: one euro was worth 1.1616 U.S. dollars, and one dollar bought 0.8609 euros.
Gold benefitted, with the price climbing to $4,455 per troy ounce, a 0.7 % increase. This equates to about €123.32 per gram.
Oil moved sharply higher; Brent crude – the North Sea benchmark – traded at $103.70 per barrel at 9 p.m. German time, up 3.8 % from the close of the previous trading day.