Active Stocks
Tue Sep 26 2023 15:58:49
  1. Tata Steel share price
  2. 128.85 1.18%
  1. Tata Motors share price
  2. 619.75 0.19%
  1. HDFC Bank share price
  2. 1,537.65 0.39%
  1. State Bank Of India share price
  2. 594.3 0.03%
  1. ITC share price
  2. 442.4 -0.05%
Business News/ Markets / Stock Markets/  Global markets update: US stocks dip on higher oil prices, rising yields

US stocks dipped on Tuesday, weighed down by rising treasury yields and higher oil prices.

The S&P 500 lost 18.97 points, or 0.42%, at 4,496.8. The Dow Jones Industrial Average fell 195.61 points, or 0.56%, at 34,642.1. The Nasdaq Composite dropped 10.86 points, or 0.08%, at 14,020.95.

Technology stocks gained, with Microsoft adding 1.5%.

Energy stocks rose on higher crude oil prices after Saudi Arabia and Russia said they will extend their voluntary production cut of 1 million barrels of oil a day through the end of the year.

Shares of Chevron climbed 1.3%.

The yield on the 10-year treasury rose at 4.27% from 4.18% late Friday. The yield on the 2-year treasury rose at 4.96% from 4.88%.


The US dollar rose at 147.78 Japanese yen from 146.50. It fell at $1.0722 from $1.0796 against the euro.


European shares fell on Tuesday, with the pan-European STOXX 600 index losing 0.2%.

Britain’s FTSE 100 edged up 0.3% at 7,472.95. Germany’s DAX added less than 0.1% at 15,836.59. France’s CAC 40 rose less than 0.1% at 7,282.83.

Luxury and construction & materials fell 1.2% and 1.0%, respectively, on weak China services data.

A report showed that the euro zone business activity declined faster than expected in August.

Real estate stocks fell 0.3%, the personal and household goods sector lost 0.9%.


Asian stock markets mostly fell on Tuesday after poor Chinese data.

A report showed that China's services sector grew in August at a much slower pace than expected.

Hong Kong’s Hang Seng index fell 2.1% at 18,456.91.  China's  Shanghai Composite lost 0.7% at 3,154.37. Japan’s  Nikkei 225 edged up 0.3% at 33,036.76. Australia’s S&P/ASX 200 index closed 0.1% lower at 7,314.30. New Zealand's benchmark S&P/NZX 50 index ended 0.7% down at 11,437.25.

Energy prices 

Brent crude for November delivery added $1.04 at $90.04 a barrel on Tuesday. US crude oil benchmark for October delivery rose $1.14 at $86.69 a barrel. 

Natural gas for October delivery fell 19 cents at $2.58 per 1,000 cubic feet.


Gold for December delivery slid $14.50 at $1,952.60 an ounce. Silver for December delivery fell 69 cents at $23.87 an ounce. 


"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 06 Sep 2023, 02:17 AM IST
Next Story
Recommended For You

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App