US stock indices held on Tuesday, weighed down by the IMF's negative forecasts about the global economy.
The International Monetary Fund lowered today its estimate for global GDP growth by 0.1% to 5.9% in 2021, and kept its forecast for 2022 at 4.9%.
The IMF also lower its forecast for US GDP in 2021 by 1% to 6% from a growth by 7% in its previous estimate.
Oil, natural gas, and many commodities and metals prices soared this year, thanks to the global recovery from the coronavirus pandemic, which led to a rise in the inflation in major economies, led by the US.
As for stocks, Dow Jones fell less than 0.1% or 1 points to 34,495 as of 14:16 GMT, and S&P 500 fell less than 0.1% or 4 point to 4,352, while Nasdaq fell 0.1% or 25 points to 14,458.