U.S. equity markets experienced gains on Wednesday, closing with positive momentum. The Dow Jones Industrial Average finished the day at 44,922 points, representing a 1.0 percent increase from the previous session.
The broader S&P 500 index also registered gains, closing around 6,467 points, up 0.3 percent. Simultaneously, the Nasdaq 100 concluded trading with a slight positive trajectory, reaching approximately 23,849 points.
Market participants are now anticipating a potential interest rate reduction by the U.S. Federal Reserve in September, following the recent release of inflation data. Expectations are shifting toward the central bank prioritizing maximum employment alongside its inflation goals.
In currency markets, the Euro strengthened against the U.S. Dollar, trading at 1.1700 US dollars per Euro. Consequently, the Dollar was valued at 0.8547 Euros.
The price of gold experienced a modest increase, closing at 3,358 US dollars per troy ounce, a gain of 0.2 percent. This equates to a price of 92.26 Euros per gram.
Conversely, oil prices declined. Brent crude, the North Sea benchmark, traded at 65.81 US dollars per barrel late Wednesday, a decrease of 31 cents, or 0.5 percent, from the previous close.