US stock markets presented a mixed performance on Tuesday, closing with varying results. The Dow Jones Industrial Average settled at 44,023 points by the close of trading in New York, representing a 1.0 percent decrease compared to the previous day’s levels.
Earlier in the session, the broader S&P 500 registered around 6,255 points, down 0.2 percent. Simultaneously, the Nasdaq 100 index reached approximately 22,930 points, showing a marginal increase of 0.1 percent.
Recent data indicating a renewed rise in US inflation has prompted market analysts to reassess the impact of tariffs previously implemented. Some observers now suggest these tariffs may be contributing to inflationary pressures, potentially undermining calls from certain officials for the Federal Reserve to lower interest rates and stimulate economic growth. The Federal Reserve’s commitment to managing inflation may now preclude planned interest rate reductions, which were previously anticipated for later this year.
The Euro weakened against the US dollar on Tuesday evening, trading at $1.1601, equivalent to €0.8620 per dollar.
Gold prices also experienced a downturn, with the spot price of a fine ounce trading at $3,329, a decrease of 0.4 percent. This translates to €92.27 per gram.
Crude oil prices similarly declined. Brent North Sea crude futures fell to $68.86 per barrel, a decrease of 35 cents or 0.5 percent from the previous day’s closing price.
