The US stock market experienced mixed gains and losses on Tuesday, with the Dow Jones Industrial Average rising 0.12%, the Nasdaq Composite Index falling 0.41%, and the S&P 500 stock index decreasing by 0.11%. Large technology stocks saw mixed performances, with some companies like AMD and TSMC falling over 5% while others like Apple and Google rose more than 1%.
In the European stock market, indexes also had mixed results, with the FTSE 100 in London rising 0.12%, the CAC40 in Paris falling 0.10%, and the DAX in Frankfurt dropping 0.38%. In the commodity market, oil prices fell in New York, while gold prices continued to rise, hitting a record high.
Overnight news included reports on Tesla’s future growth prospects, calls for the European Central Bank to act independently from the Fed, and hints from former US President Donald Trump regarding regulation of cryptocurrencies. The US natural gas industry also saw significant mergers and acquisitions, while inflation expectations and open-source initiatives in the AI sector made headlines.
In the midst of these developments, the stock prices of companies like Meta faced volatility due to external influences, and President Joe Biden unveiled a $7.3 trillion budget plan that includes tax increases for wealthy individuals and corporations. Overall, the global market remains dynamic and subject to various factors influencing investor sentiment.