NASDAQ, S&P 500 close lower for fourth straight session
Most US stock indices, except the Dow, lost ground on Tuesday, marking the fourth daily decline in a row as the trade war flares up and after weak data.
Trump surprised the markets with plans to enforce the tariffs on Canadian and Mexican imports next month, shrugging off recent negotiations.
Now markets await Nvidia’s earnings results tomorrow to gauge the spending and outlook of AI investments.
The Conference Board survey showed the US consumer confidence index fell by 7 points to 98.3 points, missing estimates of 102.7.
At the close, Dow Jones was up 0.4%, or 160 points to 43621 points, with a session-low at 43,283 points.
S&P 500 fell 0.5%, or 28 points to 5955 points, with a session-low at 5908 points.
NASDAQ swooned 1.4%, or 260 points to 19,026 points, with a session-low at 18,871 points.
Ethereum, Ripple extend losses as risk sentiment wanes
Most cryptocurrencies fell on Tuesday as the risk appetite weakened, with bitcoin tumbling below $90,000, while traders follow the latest developments on the trade war.
Trump surprised the markets with plans to enforce the tariffs on Canadian and Mexican imports next month, shrugging off recent negotiations.
The Conference Board survey showed the US consumer confidence index fell by 7 points to 98.3 points, missing estimates of 102.7.
Otherwise, the crypto platform Bybit was subject to a hack that took nearly $1.5 billion out of the platform.
The company’s CEO confirmed on X that the ethereum wallet was hacked after the ZachXBT website noticed a suspicious $1.5 billion transfer of ethereum to a foreign wallet.
Ethereum
Ethereum tumbled 5.7% on Coinmarketcap as of 20:59 GMT to $2492.
Ripple
Ripple shed 5.4% as of 20:59 GMT to $2.29.
Gold backs off record highs on profit-taking
Gold prices fell on Tuesday away from recent record highs on profit-taking even as the dollar dipped against most major rivals.
Trump surprised the markets with plans to enforce the tariffs on Canadian and Mexican imports next month, shrugging off recent negotiations.
Now markets await Nvidia’s earnings results tomorrow to gauge the spending and outlook of AI investments.
The Conference Board survey showed the US consumer confidence index fell by 7 points to 98.3 points, missing estimates of 102.7.
Otherwise, the dollar index fell 0.3% as of 20:26 GMT to 106.2, with a session-high at 106.7, and a low at 106.1.
On trading, gold spot prices tumbled 1.3% as of 20:32 GMT to $2925 an ounce.
