U.S. stock markets fell on Tuesday. At the close of trading in New York, the Dow Jones Industrial Average was 49,241 points, down 0.3 % from the previous day. A few minutes earlier, the broader S &P 500 was 0.8 % lower at roughly 6,918 points, while the technology‑focused Nasdaq slipped 1.6 % to about 25,339 points.
The dispute between chip designer Nvidia and ChatGPT developer OpenAI has fed doubts about the role of “artificial intelligence” in powering economic growth and weighed on the Nasdaq. In a separate development, investors welcomed the House of Representatives’ agreement to end the government shutdown; the Senate had already approved the measure. After three days of the shutdown, several branches of the U.S. government could resume operations for months, contingent on President Donald Trump signing the bill. Funding for the Department of Homeland Security-including U.S. Immigration and Customs Enforcement-will run out next week.
Around the evening, the euro was stronger: one euro equaled 1.1824 U.S. dollars, meaning one dollar could be exchanged for 0.8457 euros.
Gold saw a sharp rise. By evening, a troy ounce sold for $4,960, a 6.4 % gain, which translates to €134.88 per gram.
Oil also climbed noticeably. At about 22:00 German time on Tuesday, a barrel of North Sea Brent fetched $68.15-a 2.8 % increase from the previous day’s close.
