US markets saw gains on Tuesday, with the Dow Jones Industrial Average closing at 45,711 points, a 0.4% increase compared to the previous trading day.
Shortly before the close of trading in New York, the broader S&P 500 reached approximately 6,513 points, up 0.3%, while the Nasdaq 100 stood at around 23,840 points, also registering a 0.3% gain.
Economic data released on Tuesday indicated a significant revision to job creation figures. The US Bureau of Labor Statistics reported that 911,000 fewer jobs were added since March than initially calculated. This downward revision bolsters expectations of a potential interest rate cut by the Federal Reserve, as employment data plays a crucial role in the central bank’s balancing act between controlling inflation and maintaining maximum employment.
The euro weakened against the US dollar on Tuesday evening, trading at $1.1705, equivalent to €0.8543 per dollar.
Gold prices saw a slight decrease, with one fine ounce selling for $3,630 (-0.2%). This translates to €99.72 per gram.
Conversely, oil prices increased. Brent crude, a benchmark grade of North Sea oil, closed at $66.49 per barrel, a rise of 47 cents, or 0.7%, compared to the previous day’s closing price.
