Stocks in the US showed mixed performance on Tuesday. At the close in New York, the Dow Jones calculated at 46,584 points, down 0.2 percent compared to the previous day’s trading. Little earlier, the broader S&P 500 was up 0.1 percent at around 6,616 points, while the tech-heavy Nasdaq 100 was up a few points at approximately 24,202 points.
The US stock markets displayed a wait-and-see approach shortly before the Iran deadline set by US President Donald Trump. Trump posted on his personal platform, “An entire civilization will perish tonight and never rise again. I would not like that, but it will probably happen anyway”. Given that the deadline had been postponed multiple times, investors are once again questioning whether Trump will backtrack on his statements. Prior to the deadline expiring, Iran reported launching attacks on highways and bridges, particularly on the island of Chargh, which is key for oil exports.
Meanwhile, the European common currency strengthened on Tuesday evening; one Euro exchanged for 1.1596 US dollars, meaning a dollar cost 0.8624 Euros.
Conversely, gold prices rose significantly, reaching $4,700 per fine ounce in the evening, an increase of 1.1 percent, which equates to a price of 130.30 Euros per gram.
Oil prices, however, dropped sharply. By 10 PM German time on Tuesday, a barrel of North Sea crude Brent cost $106.30, representing a decrease of 347 cents, or 3.2 percent, from the previous day’s close.
