The US stock markets declined on Wednesday. At the close of trading in New York, the Dow was calculated at 44,156.73 points, a 0.30 percent increase from the previous trading day.
Minutes earlier, the broader S&P 500 had reached around 6,085 points, a 0.6 percent gain, while the technology-heavy Nasdaq had calculated the Nasdaq 100 at around 21,855 points, a 1.3 percent increase.
“In the past weeks, it has become clear to investors that the economic strengths in the US are clearly outweighing the weaknesses, while the looming risks are well-known and therefore priced in” commented market analyst Konstantin Oldenburger of CMC Markets on the current market movements.
“On the credit side, there is a potentially non-declining economic dynamism, driven by the recent announcement of a 500-billion-dollar investment program in artificial intelligence, a loose US Federal Reserve, and a growth-fostering fiscal policy of the new administration in the White House. There is a sense of optimism in the US.”
The European single currency was slightly weaker on Wednesday evening: one euro cost 1.0413 US dollars, and one dollar was worth 0.9603 euros.
The gold price was able to profit, with a price of 2,757 US dollars per fine ounce (+0.5 percent) at the evening close, equivalent to 85.11 euros per gram.
Meanwhile, the oil price fell: a barrel of North Sea Brent crude cost around 78.95 US dollars at the evening close, a 34-cent or 0.4 percent decrease from the previous trading day’s close.