American stock exchanges finished Thursday higher. At the close in New York, the Dow Jones Industrial Average recorded 50,063 points, marking a gain of 0.8 percent compared to the previous day. The broader S&P 500 also gained, closing at 7,501 points, while the Nasdaq 100 climbed 0.7 percent to reach 29,580 points.
Technology stocks were particularly strong on Thursday, fueling the ongoing record-breaking run on Wall Street. Shares of network equipment provider Cisco, for instance, saw a jump of nearly 13 percent after the company raised its annual guidance for orders related to AI. Nvidia and IBM shares also experienced significant increases.
Investor interest was also influenced by news surrounding US President Donald Trump’s state visit to China. Market participants expressed optimism regarding potential closer relations between the global powers, as well as hopeful signs of easing tension in the Middle East.
In other global markets, the Euro weakened on Thursday evening, trading at $1.1669 per Euro, meaning the dollar was worth 0.8570 Euros. The price of gold also declined, with the fine ounce selling for $4,651, a drop of 0.8 percent, equating to €128.15 per gram.
In contrast, the oil price saw an increase. Near 10 PM German time, a barrel of Brent crude oil cost $106.40, representing a rise of 75 cents (or 0.7 percent) from the previous trading day’s close.