US stock indices fell during trading on Tuesday, after the release of weak economic data, with the Dow Jones abandoning its record closing level on Monday.
Economic data released today revealed that the US retail sales index fell by 1.1% during July, while analysts had expected a 0.2% decline.
Excluding some of the most volatile commodities such as energy and food, the retail sales index in its core value decreased by 0.4% last month, defying expectations for an increase of 0.2%.
This, and Federal Reserve Chairman Jerome Powell made statements online today, saying that the Corona pandemic will result in the emergence of an exceptional generation of young people capable of dealing with various pressures and challenges with greater maturity.
In the oil market, US “NYMEX” crude futures for September delivery fell by 1%, or 70 cents, and the crude closed at 66.59 dollars a barrel, and crude recorded the highest price at 67.7 dollars and the lowest price at 66.3 dollars.
Brent crude futures for October delivery fell 0.7%, or 48 cents, and closed at $69.03 a barrel. The crude recorded the highest price at $70 and the lowest price at $68.8.
At the conclusion of trading, the "Dow Jones" index fell by 0.8% (equivalent to 282 points) to 35,343 points, and reached the highest level at 35,500 points and the lowest level at 35,120 points.
The "S&P 500" fell by 0.7% (equivalent to 31 points) to 4448 points, and reached the highest level at 4462 points and the lowest level at 4417 points.
"Nasdaq" decreased by 0.9% (equivalent to 137 points) to 14,656 points, and reached the highest level at 14,716 points and the lowest level at 14,550 points.
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