US stock markets experienced a downturn Thursday, prompting cautious investor sentiment. The Dow Jones Industrial Average closed at 34,131 points, a decrease of 0.7% compared to the previous trading day’s closing value.
The broader S&P 500 index retreated to approximately 4,039 points, registering a 0.4% decline. The technology-focused Nasdaq 100 registered a decrease of 0.6%, closing around 2,3218 points.
Amid ongoing trade negotiations, President Donald Trump has granted Mexico a 90-day extension regarding planned tariffs. This temporary measure maintains tariffs of 25% on specific goods, including automobiles and levies of 50% on steel, aluminum and copper. Mexico represents a significant trading partner for the United States and the potential implementation of initially proposed tariffs – previously slated at 30% on imports from the nation – was expected to negatively impact the US economy.
The euro strengthened slightly against the dollar, trading at $1.1414, with the US dollar fetching €0.8761.
Gold prices saw a positive movement, reaching $3,293 per fine ounce ($92.75 per gram).
Conversely, the price of crude oil decreased. Brent North Sea crude traded at $72.53 per barrel, a 71-cent drop, or a 1.0% reduction from the previous trading day’s close.
