US Markets Slip as Oil Prices Climb Amid Dollar-Euro Fluctuations
Economy / Finance

US Markets Slip as Oil Prices Climb Amid Dollar-Euro Fluctuations

US stock markets posted a decline on Thursday. The Dow closed in New York at 52,343 points, representing a loss of 0.3 percent compared to the previous trading day. Earlier in the day, the broader S&P 500 was also down 0.3 percent, registering around 7,720 points, while the technology-focused Nasdaq 100 tallied around 29,403 points, falling by 1.4 percent.

Meanwhile, commodities showed mixed performance. Gold prices softened, with a fine troy ounce trading at $4,026 in the evening, marking a 0.6 percent drop. This price equates to 115.90 Euros per gram. In contrast, the price of oil rose, with a barrel of North Sea Brent crude costing $115.80 around 9 PM CET-a rise of 0.4 percent, or 49 cents, over the previous close.

In the exchange rate markets, the Euro gained some strength by Thursday evening; one Euro required $1.1169, and consequently, one Dollar was valued at 0.8953 Euros.