Cryptocurrencies fell on Tuesday, as the European Union’s securities watchdog said it would examine every initial coin offering to determine if it should be regulated.
Analyst commentary moved a number of big-name individual stocks in midday trading, including Tesla and Snap, while energy stocks were higher as Hurricane Michael threatened the Gulf of Mexico.
The U.S. dollar pared back earlier gains, but still remained steady as the euro inched down amid concerns over Italy’s budget.
The euro extended early losses on Tuesday, falling to fresh seven-week lows as concerns over Italy’s fiscal outlook and a broadly stronger dollar weighed.
The dollar edged higher against a currency basket on Tuesday and the safe haven yen remained steady in cautious trade as rising U.S. bond yields and concerns over the outlook for global growth weighed on risk appetite.