stock markets experienced a decline on Tuesday At the close of trading in New York, the Dow Jones Industrial Average stood at 45,296 points, representing a 06 percent decrease from the previous trading day
The broader S&P 500 index closed at approximately 6,415 points, down 07 percent, while the Nasdaq 100 closed at around 23,231 points, a decrease of 08 percent
The shifts in market performance come as a legal challenge to tariffs imposed by the US President is poised to escalate Following a court ruling deeming a significant portion of the tariffs unlawful, an immediate appeal to the Supreme Court is planned In a recent interview, the President characterized the situation as an “economic emergency” warning of potential repercussions should the highest court not rule in their favor While the legal basis of the tariffs is being questioned by analysts, the administration may benefit from the court’s composition; three justices were appointed by the current President and a further three were nominated by presidents of the same political party Partisan voting patterns have become increasingly common even in cases with established precedents
The Euro weakened on Tuesday evening, trading at 11642 US dollars Conversely, the US dollar was valued at 08590 Euros
Gold prices rose sharply, closing at 3,537 US dollars per fine ounce – a gain of 17 percent – equivalent to 9768 Euros per gram
Oil prices also increased, with Brent crude oil trading at 6916 US dollars per barrel at approximately 10 PM German time, marking a 15 percent increase from the previous day’s close
