U.S. stock markets slipped on Tuesday. By the close in New York the Dow Jones Industrial Average stood at 46,124 points, down 0.2 % from the previous trading day. A few minutes earlier, the broader S&P 500 was around 6,556 points, falling 0.4 %, while the technology‑heavy Nasdaq 100 traded near 24,002 points, down 0.8 %.
Only a few months ago, Nvidia CEO Jensen Huang’s declaration that we had reached “general artificial intelligence” might have sent ripples through the markets. However, after his statement in a podcast on Monday, that effect failed to materialize. Part of the reason is the lack of a clear, universally accepted definition of what AGI must be able to do, a point that AI vendors have recently downplayed. In addition, the topic of artificial intelligence has receded from the headlines since the U.S. and Israel’s conflict with Iran.
The euro remained largely unchanged on Tuesday evening. One euro was priced at $1.1616, which means one U.S. dollar traded at 0.8609 euros.
Gold benefited, trading at $4,455 per troy ounce in the evening (+0.7 %). This price translates to €123.32 per gram.
Oil surged in contrast. A barrel of North Sea Brent closed at $103.70 on Tuesday at 9 p.m. German time, up 3.8 % from the close of the previous trading day.
