US markets close lower; Dow drops 380 points

US indices declined at the close of trading on Tuesday, pressured by a rise in Treasury yields to their highest levels since July. The increase in yields comes amid expectations that President Donald Trump's policies will boost economic growth and intensify inflationary pressures.

By the end of trading, the Dow Jones Industrial Average fell 0.85%, or 382 points, to 43,910.

The S&P 500 also lost by about 0.3%, or 17 points, to 5,983, and the Nasdaq Composite slid 0.1%, or 17 points, to 19,281, their first decline in 6 sessions.

In Europe, the Stoxx Europe 600 index declined 2%, or 10 points, to 502.2 points, the highest drop since the beginning of August.

The UK's FTSE 100 fell 1.2% to 8,025 points, while Germany's DAX decreased by 2.15% to 19,033 points. France's CAC 40 also dropped 2.7% to 7,226 points.

In Japan, the Nikkei 225 inched down 0.4%, or 157 points, to 39,376 points, and the broader Topix index stabilized at 0 2,741 points.

In the oil market, Brent crude futures for January 2025 delivery edged up 0.1%, or 6 cents, to $71.89 a barrel after dropping to $71.55.

US WTI crude futures for December delivery rose by 0.1%, or 8 cents, to $68.12 per barrel after briefly dipping to $67.75.

As for gold, futures prices for the yellow metal for December delivery fell by 0.45%, or $11.4, to $2,606.30 per ounce, the lowest since Dec. 18 ($2598.6).