US Stock Markets Gain Momentum
New York’s stock markets experienced gains on Thursday, with the Dow Jones Industrial Average closing at 44,829 points, a 0.8 percent increase from the previous trading day. The broader S&P 500 also rose by 0.8 percent, reaching approximately 6,275 points, while the Nasdaq 100 saw a more significant increase of 1.0 percent, ending at roughly 22,867 points.
These positive movements followed initial data from ADP, which had suggested a decline in US jobs. However, official government data revealed a surprisingly resilient labor market, interpreted by analysts as an indication that US President Donald Trump’s trade policies have had a limited impact on employment.
Chip designer Nvidia shares saw a notable surge in value, bringing the company closer to becoming the most valuable publicly traded company in history.
In currency markets, the euro weakened against the US dollar, with one euro trading at $1.1750. Conversely, the dollar was worth 0.8511 euros.
Commodity prices showed mixed trends. Gold prices declined, with a troy ounce quoted at $3,328, a decrease of 0.8 percent. A gram of gold was valued at 91.07 euros. Oil prices also fell, with a barrel of Brent crude settling at $68.92, down 0.3 percent from the previous day’s close.