US stocks decline on weakness in technology stocks
US stocks declined at the close of trading on Tuesday, amid negative performance from major technology companies, after the sector led Wall Street’s rebound over the previous six sessions.
Additionally, Investors were also closely monitoring ongoing trade negotiations between Washington and several countries.
The Dow Jones Industrial Average fell 0.27%, or 114 points, to close at 42,677 points.
The S&P 500 declined 0.39% to 5,940 points, and the Nasdaq Composite slipped 0.38% to 19,142 points.
The Roundhill Magnificent Seven ETF, which tracks the performance of major tech giants known as the "Magnificent Seven," dropped by 0.53% to $52.
The Stoxx Europe 600 index rose 0.75% to 554 points, marking gains for the fourth consecutive session.
Germany’s DAX increased by 0.40% to 24,036 points, France’s CAC 40 rose 0.75% to 7,942 points, and the UK’s FTSE 100 advanced 0.95% to 8,781 points.
Japan’s Nikkei 225 edged up by 0.10% to 37,529 points, while the broader TOPIX index was flat at 2,738 points.
With geopolitical tensions resurfacing, Brent crude futures for July delivery fell 0.24%, or 16 cents, to $65.38 per barrel.
US WTI crude futures for June delivery — which expired today — declined by 0.21%, or 13 cents, to $62.56 per barrel.
Gold futures for June delivery rose by 1.58%, or $51.10, to settle at $3,284.60 per ounce.
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