Stocks Slip Amid Trade Tensions

Stocks Slip Amid Trade Tensions

US stock markets experienced a downturn Thursday, concluding a day of trading with losses across major indices. At the close of trading in New York, the Dow Jones Industrial Average registered at 34,131 points, a decrease of 0.7 percent compared to the previous trading day.

Shortly before the close, the broader S&P 400 stood at approximately 4,339 points, down 0.4 percent, while the Nasdaq 100 was calculated at around 13,218 points, reflecting a 0.6 percent decline.

In a development related to trade policy, US President Donald Trump has granted Mexico a 90-day extension regarding new trade agreements. During this period, tariffs of 25 percent will remain in place on specific goods, including automobiles, while duties of 50 percent will be applied to steel, aluminum and copper. Mexico represents a significant trading partner for the United States and the potential impact of tariffs, even at reduced levels, is considerable.

The euro strengthened slightly on Thursday evening, trading at $1.1414, with the US dollar fetching €0.8761.

Gold prices saw an increase, with a fine ounce trading at $3,293 (+0.5 percent). This equates to a price of €92.75 per gram.

Conversely, the price of crude oil declined; a barrel of Brent North Sea crude was priced at $72.53 at approximately 9:00 PM German time, down 71 cents or 1.0 percent from the close of the previous trading day.