U.S. stock exchanges declined on Thursday. At the close in New York, the Dow Jones calculated at 49,597 points, marking a loss of 0.6 percent compared to the previous trading day. Slightly earlier, the broader S&P 500 was down 0.4 percent, calculating around 7,337 points, while the technology-focused Nasdaq 100 registered a loss of 0.1 percent, settling near 28,564 points. Although many companies listed in the S&P 500 had outperformed expectations during the current reporting season, the major driver of market fluctuations, “Artificial Intelligence” prompted profit-taking following recent record highs.
In Forex markets, the European common currency strengthened slightly on Thursday evening. The exchange rate reached 1.1764 US dollars per Euro, meaning that one dollar could be bought for 0.8501 Euros.
Shifting focus to commodities, the price of gold saw a notable gain, rising 1.1 percent by the evening, reaching $4,743 per fine ounce, which translates to an effective price of 129.62 Euros per gram. In sharp contrast, the oil price fell sharply. The Brent crude oil grade cost $98.33 per barrel near 10 p.m. German time on Thursday, representing a decrease of 10.5 percent-or 1,154 cents-compared to the close of the previous trading day.
