Mixed US Markets, Gold and Oil Surge as Consumer Confidence Falls to 2014 Low.
Economy / Finance

Mixed US Markets, Gold and Oil Surge as Consumer Confidence Falls to 2014 Low.

The U.S. stock market ended its session on Tuesday with mixed results. At the close in New York, the Dow Jones Industrial Average was calculated at 49,003, down 0.8 % from the previous trading day. A few minutes earlier, the broader S&P 500 had risen to around 6,978 points, up 0.4 %. The technology-focused Nasdaq 100 finished at about 25,940 points, a gain of 0.9 %.

Consumer confidence in the United States has slipped to its lowest level since 2014, according to a Survey of Consumer Confidence conducted by the Conference Board. The index fell 9.7 points to 84.5, reflecting worries about persistent inflation, trade policy, the labor market, and an increasing concern about war and health care.

On the currency front, the euro strengthened sharply over the evening. One euro fetched $1.2039, a rise of 1.35 %, meaning one U.S. dollar bought 0.8306 euros at the time.

Commodities also moved higher. Gold saw significant gains; by the end of the day a fine ounce fetched $5,177, a 3.3 % increase, equivalent to €138.27 per gram. Brent crude oil continued its climb as well: at around 10 p.m. German time a barrel of North Sea Brent was priced at $67.60, up 3.1 % from the previous close.