The US stock markets experienced a notable downturn on Friday. At the close in New York, the Dow finished at 51,770 points, representing a decrease of 1.1 percent compared to the preceding trading day. Prior to that, the broader S&P 500 was down 1.8 percent at roughly 7,580 points, while the technology-heavy Nasdaq 100 calculated an equal loss of 3.5 percent, closing around 28,385 points.
Shifting to commodities, the price of gold fell sharply. By the evening, a fine ounce traded at $3,880, marking a 3.6 percent decline. This equates to a price of €111.70 per gram. Conversely, the oil price rose significantly. A barrel of Brent crude (North Sea variety) cost $112.50 around 9 PM CET on Friday, which was a 1.6 percent increase from the end of the previous business day.
On the currency front, the Euro proved weaker on Friday evening. The exchange rate stood at one Euro costing $1.1167, meaning one Dollar was valued at 0.8955 Euros.
