On Tuesday, ahead of the Federal Reserve’s interest rate announcement, the market was marked by a strong sense of caution.The U.S. Dollar Index fluctuated lower and ultimately closed down 0.11% at 99.56; the benchmark 10-year U.S. Treasury yield closed at 4.444%, while the 2-year U.S. Treasury yield—which is sensitive to the Fed’s policy rate—closed at 4.064%.
Spot gold rose for the fourth consecutive trading day, though the pace of the rally slowed somewhat, ultimately closing up 0.51% at $4,331.23 per ounce;Spot silver re-touched $71 per ounce during the session before pulling back, ultimately closing up 2.91% at $70.02 per ounce.
International crude oil hit its lowest level since early March, following reports that the U.S.-Iran agreement allows Iran to immediately sell crude oil abroad.WTI crude oil hit a low of $75.73 per barrel and ultimately closed down 5.76% at $76.70 per barrel; Brent crude oil fell below the $80 mark and closed down 4.47% at $79.24 per barrel.
The three major U.S. stock indices closed mixed: the Dow Jones Industrial Average rose 0.6%, the S&P 500 fell 0.57%, and the Nasdaq fell 1.15%. SpaceX (SPCX.O) rose as much as 17% during the session and ultimately closed up 4.8%.M-Ville Technologies (MRVL.O) fell nearly 10%, and Micron Technology (MU.O) fell 6%. The Nasdaq China Golden Dragon Index fell 2.5%, and Xpeng Motors (XPEV.N) fell more than 4%.