U.S. stock exchanges advanced on Tuesday. By the close in New York, the Dow traded at 48,536 points, marking a gain of 0.7 percent compared to the previous day. A slightly earlier reading showed the broader S&P 500 up 1.2 percent with roughly 6,967 points, while the tech-focused Nasdaq calculated the Nasdaq 100 at around 25,842 points, up 1.8 percent at that time.
Investors were hopeful on Tuesday that the ceasefire between the U.S. and Iran might be extended. Meanwhile, the U.S. military’s central command reported that the blockade of the Strait of Hormuz was being maintained. The military stated on X that over 10,000 U.S. sailors, Marines, and Air Force personnel, along with more than a dozen warships and dozens of aircraft, were deployed. Furthermore, it noted that no vessel had succeeded in breaking the U.S. blockade within the first 24 hours.
The European common currency strengthened on Tuesday evening; one euro cost $1.1793, meaning the dollar fetched 0.8480 euros. Gold prices recorded significant gains, reaching $4,844 per fine ounce by the evening (+2.1 percent), equivalent to €132.07 per gram. Conversely, oil prices fell sharply. A barrel of Brent North Sea crude cost $95.22 as of 10 p.m. Central German Time on Tuesday, representing a decrease of 4.2 percent, or 414 cents.
