The US stock markets saw gains on Tuesday. By the close in New York, the Dow reached 51,308 points, achieving a 0.5% increase compared to the previous trading day. The broader S&P 500 was also up 0.1%, settling at approximately 7,610 points, while the Nasdaq 100 climbed 0.5% to around 30,661 points.
Artificial Intelligence continued to shape market movement on Tuesday. Alphabet (Google’s parent company) had previously announced after the market closed on Monday that it intended to sell new shares to fund the expansion of its AI data centers. Although Alphabet stock lost value on Tuesday, shares of Hewlett Packard Enterprise saw a considerable boost. The IT company benefited from the surge in demand for server solutions related to the AI excitement and subsequently released strong quarterly results. Furthermore, Marvell Technology Group also generated interest, largely due to praise provided by Nvidia’s CEO toward the semiconductor maker.
Turning to global financial indicators, the European common currency weakened on Tuesday evening. One Euro was valued at $1.1634, meaning the dollar was exchanged for 0.8595 Euros.
Commodity markets showed diverse trends. Gold prices benefited, rising 0.4%, with a fine ounce trading at $4,489. This figure corresponds to 124.07 Euros per gram. Meanwhile, oil prices increased significantly. The North Sea Brent crude oil barrel cost $96.01 around 10 PM German time on Tuesday, which represents a 1.1% rise from the previous closing figures.
