US equity markets post worst performance in 2023
As the market awaits the latest minutes from the Federal Reserve's policy meeting, recent strong economic data raised Mitradess anticipation for more Fed hawkish measures. The US 10-year Treasury yield then rebounded 13.8 basis points to 3.953%, sending spot gold $6 lower to $1,835.04 an ounce.
Therefore, the US stock market dropped over 2% on Tuesday, the poorest performance year in 2023 so far, with the Nasdaq 100 plunging 297 points (-2.41%) to 12,060. The Dow Jones Industrial Average also fell 697 points (-2.06%) to 33,129, and the S&P 500 lost 81 points (-2.00%) to 3,997.
EUR/USD dropped 36 pips to 1.0646, and AUD/USD fell 53 pips to 0.6852, but GBP/USD rose 77 pips to 1.2115. USD/CAD surged 86 pips to 1.3537, and Canada recorded a 0.3% month-on-month increase in its core inflation levels. USD/JPY added 76 pips to 134.99.
WTI oil futures closed slightly lower at $76.36 a barrel. Bitcoin and Ethereum were last traded lower at $24,316.0 and $1,644.19 respectively.
Therefore, the US stock market dropped over 2% on Tuesday, the poorest performance year in 2023 so far, with the Nasdaq 100 plunging 297 points (-2.41%) to 12,060. The Dow Jones Industrial Average also fell 697 points (-2.06%) to 33,129, and the S&P 500 lost 81 points (-2.00%) to 3,997.
EUR/USD dropped 36 pips to 1.0646, and AUD/USD fell 53 pips to 0.6852, but GBP/USD rose 77 pips to 1.2115. USD/CAD surged 86 pips to 1.3537, and Canada recorded a 0.3% month-on-month increase in its core inflation levels. USD/JPY added 76 pips to 134.99.
WTI oil futures closed slightly lower at $76.36 a barrel. Bitcoin and Ethereum were last traded lower at $24,316.0 and $1,644.19 respectively.