On Friday, the US stock markets experienced gains. At the end of trading in New York, the Dow Jones was calculated at 42,654.74 points, representing a 0.78% increase compared to the previous trading day.
Just minutes earlier, the broader S&P 500 was trading at around 5,955 points, up 0.7%, while the technology-focused Nasdaq 100 was at approximately 21,425 points, up 0.4%.
Market analysts see the recent tariff agreements as a key factor contributing to investor sentiment, along with the overall shift in the Trump administration’s approach. The previously anticipated large-scale trade war is now seemingly off the table.
The European common currency, the Euro, was weaker on Friday evening, with one Euro costing 1.1152 US Dollars and one US Dollar equivalent to 0.8967 Euros.
The gold price experienced a significant drop, with a fine ounce trading at 3,201 US Dollars (-1.2%). This equates to a price of 92.28 Euros per gram.
Meanwhile, the oil price saw a noticeable increase, with a barrel of North Sea crude oil trading at around 65.24 US Dollars on Friday evening, representing a 71 cent or 1.1% increase from the previous trading day’s close.