Published on 01/07/2025 07:26 PM
US stocks opened lower on Tuesday as investors monitor progress on trade talks and a voting marathon in Washington over President Donald Trump's tax and spending bill.
At the opening bell, the Dow Jones Industrial Average fell 33.3 points, or 0.08%, to 44,061.49. The S&P 500 fell 17.7 points, or 0.29%, to 6,187.25, while the Nasdaq Composite dropped 79.1 points, or 0.39%, to 20,290.611.
Gold prices advanced on Tuesday on a weaker US dollar and uncertainty over Trump tariffs.
Spot gold rallied 1.4% to $3,349.32 an ounce by 1203 GMT while US gold futures jumped 1.6% to $3,361.70.
Spot silver rose 0.9% to $36.41 an ounce, platinum was down 0.1% at $1,351.80 and palladium gained 2.5% to $1,124.79.
Oil prices were slightly higher on Tuesday as investors awaited the OPEC meeting.
Brent crude was up 28 cents, or 0.4%, to $67.03 a barrel at 1328 GMT, while US West Texas Intermediate crude was up 35 cents, or around 6%, to $65.46 a barrel.
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