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World market status: Monotonous US markets as investors shifted to big-ticket earnings

World market status: Monotonous US markets as investors shifted to big-ticket earnings
Image Source: Mint

Tuesday’s opening of US markets was quiet as investors paid attention to big-ticket earnings.

US equities closed down on Monday. The S&P 500 lost 15.80 points, or 0.32 percent, to 4,942.81, the Nasdaq Composite lost 31.28 points, or 0.20 percent, to 15,597.68, and the Dow Jones Industrial Average slid 274.30 points, or 0.71 percent, to 38,380.12.

Tuesday’s gold prices remained unchanged. As of 12:18 GMT, spot gold was unchanged at $2,025.53 an ounce. US gold futures dropped 0.1% to an ounce at $2,041.60.

Tuesday saw an increase in oil prices.

By 1421 GMT, US West Texas Intermediate crude prices increased 46 cents to $73.24, while Brent crude futures climbed 42 cents to $78.41 a barrel.

Hong Kong’s Hang Seng Index surged 4.0 percent to close at 16,136.87 on Asian stock markets, following a promise from Chinese officials to assist in halting a protracted decline. Shanghai Composite gained 3.2% to close at 2,789.49 in China.

The Nikkei 225 of Japan fell 0.5% to 36,160.66.

Sneha Sengupta

Entertainment and Lifestyle news writer at MangoBunch.in