Financial Markets Experience Volatile Trading, Ending in Positive Note
US stock markets exhibited a mixed performance on Thursday, with the Dow Jones Industrial Average ultimately closing with a 0.28 percent gain, reaching 42,215.73 points by the end of trading in New York. The S&P 500, a broader market index, rose by 0.4 percent, while the tech-heavy Nasdaq 100 added 0.2 percent.
Market analysts are cautiously optimistic about the potential impact of a recent US court ruling against the tariffs imposed by President Donald Trump. However, they remain uncertain as to whether the decision will significantly influence the administration’s policies.
Meanwhile, the euro strengthened against the US dollar, with one euro valued at 1.1365 US dollars by the evening. The inverse, a dollar costing 0.8799 euros, reflected this exchange rate.
In the commodities market, gold prices rose by 1 percent, with one ounce of the precious metal selling for 3,317 US dollars, equivalent to 93.83 euros per gram.
Oil prices, however, took a significant hit, with a barrel of Brent crude falling by 1.2 percent to 64.12 US dollars by the evening, a decrease of 78 cents from the previous day’s close.