Overnight US Stocks | Dow Drops 0.46%, Nasdaq Falls 0.38%

According to a report, on Tuesday, US stocks opened lower as investors await the outcome of the Federal Reserve's interest rate decision this week. The Dow Jones Industrial Average dropped 204.57 points or 0.46% to 44,632.99, while the Nasdaq Composite fell 80.29 points or 0.38% to 21,098.29.

Apple (AAPL.US), Tesla (TSLA.US) and NVIDIA (NVDA.US) all dropped around 1%, with NVO (NVO.US) falling 21.8%. The Nasdaq China Index dropped 1.35%, Alibaba (BABA.US) fell 2%, and Ideal Auto (LI.US) fell 6%.

The European markets were mixed, with the German DAX30 index rising 274.26 points or 1.15% to 24,218.77, while the British FTSE100 index rose 54.61 points or 0.60% to 9,136.05.

The Asian markets were also mixed, with the Nikkei 225 index dropping 0.79%, the KOSPI index rising 0.66%, and the Indonesian Composite Index rising 0.04%.

Oil prices rose 2.50 dollars or 3.75% to 69.21 dollars per barrel, while Brent crude oil rose 2.47 dollars or 3.53% to 72.51 dollars per barrel.

The dollar index rose 0.26% against six major currencies and closed at 98.888.

The precious metals were mixed, with gold rising over 0.3% and silver falling slightly.

Bitcoin fell 0.38% to 117,568.7 dollars per coin, while Ethereum fell 0.59% to 3,778.45 dollars per coin.

The macroeconomic news was mixed, with the US housing market showing signs of slowing down, and the Fed's interest rate decision due this week.

OpenAI released a study on its ChatGPT model, which provides interactive prompts, scaffolding responses, personalized education, and knowledge checks.

United Pacific confirmed it would purchase Norfolk Southern Railway Company to create the first transcontinental railroad network in the US.

Bit Digital's AI infrastructure company Whitefiber is seeking a 1.328 billion dollar IPO.