US stock markets saw a decline on Tuesday. By the close of trading in New York, the Dow stood at 52,766 points, marking a 0.8 percent drop compared to the previous day. Slightly earlier, the broader S&P 500 was down 0.7 percent, trading near 7,630 points, while the technology-focused Nasdaq 100 fell 1.3 percent, reaching approximately 29,075 points.
These drops are likely attributable to the recent escalations in the Iran conflict. On Tuesday, the US and Tehran maintained their reciprocal retaliatory actions in the Strait of Hormuz, including routine aggressive threats from US President Donald Trump regarding the radical destruction of Iran.
In currency markets, the European common currency weakened on Tuesday evening. The Euro cost $1.1588 USD, meaning the dollar was trading for 0.8630 Euros.
In commodities, the price of gold saw a steep decline, with fine ounces fetching $4,325 USD in the evening, a 2.9 percent decrease. This equated to a price of €120.01 per gram. Conversely, the oil price rose sharply; a barrel of Brent crude from the North Sea cost $95.14 USD around 10 PM German time on Tuesday, representing a 5.1 percent increase over the previous day’s closing price.
