US equity markets presented a mixed performance on Tuesday. The Dow Jones Industrial Average concluded the trading day at 44,922 points, registering a marginal increase from the previous session.
The broader S&P 500, however, edged lower, closing around 6,411 points, a decrease of approximately 0.6 percent. Simultaneously, the technology-focused Nasdaq 100 finished at approximately 23,385 points, down 1.4 percent.
Market participants are keenly awaiting a speech by Federal Reserve Chair Jerome Powell on Friday, hoping for indications regarding the future trajectory of US interest rates. Tuesday’s trading was initially influenced by discussions held at the White House concerning the ongoing conflict in Ukraine. In addition, attention focused on chipmaker Intel, spurred by reports of a potential multi-billion dollar investment from Softbank and speculation that the US government may consider acquiring a ten percent stake in the company amidst the prevailing enthusiasm for Artificial Intelligence.
The Euro experienced a slight weakening against the US dollar, trading at 1.1647 US dollars per Euro, equivalent to 0.8586 US dollars per Euro.
Gold prices decreased, closing at $3,316 per troy ounce, reflecting a decline of 0.5 percent, or $91.53 per gram.
Oil prices also fell considerably, with Brent crude futures trading at $65.89 per barrel late Tuesday, down 71 cents, or 1.1 percent, from the previous day’s close.
