US equity markets registered modest gains on Wednesday, concluding a session marked by ongoing political uncertainty stemming from a federal government shutdown. The Dow Jones Industrial Average closed at 46,441 points, a 0.1% increase from the previous day’s trading.
Earlier in the session, the broader S&P 500 reached approximately 6,711 points, up 0.3%, while the Nasdaq 100 index touched around 24,801 points, reflecting a 0.5% increase.
The ongoing impasse between Republican and Democratic lawmakers regarding a new budget agreement triggered the partial shutdown of government agencies. Market participants often seek refuge in safe-haven assets during periods of governmental instability.
The US President has attributed responsibility for the shutdown to the Democratic party, a stance that contrasts with previous statements made in 2011. Accusations and counter-accusations regarding potential employee layoffs have been exchanged between political factions.
The euro weakened slightly against the US dollar, trading at $1.1728, effectively pricing a dollar at €0.8527.
Gold experienced a slight uptick in price, reaching $3,862 per fine ounce (equivalent to €105.86 per gram).
Conversely, oil prices declined. Brent crude, a benchmark grade of North Sea oil, settled at $65.56 per barrel, a 0.7% decrease from the close of the prior trading day.