Markets fall as US durable goods orders show decline

Markets fell on Tuesday.

The S&P 500 fell 1.3 percent amid concerns on the economy. A report on Tuesday showed that orders for US durable goods declined 3.4 percent in December after falling 2.1 percent the prior month.

The STOXX Europe 600 fell 1.0 percent, ending an eight-day rally that had taken it to a seven-year high. Greek stocks fell 3.7 percent, extending declines since Sunday’s elections to 6.9 percent.

The Shanghai Composite Index fell 0.9 percent after closing at a more than five-year high on Monday.

The US dollar fell against the euro and yen while the US 10-year Treasury yield fell one basis point to 1.82 percent.

Among commodities, copper fell 3.2 percent but gold, natural gas and oil rose.