US Stock Markets Dip Amid Rally in Oil Prices
Economy / Finance

US Stock Markets Dip Amid Rally in Oil Prices

US stock exchanges saw a downturn on Friday. At the close in New York, the Dow finished at 52,215 points, marking a 1.2 percent drop compared to the previous trading day. Slightly earlier, the broader S&P 500 fell by 0.5 percent, closing around 7,624 points, while the technology-heavy Nasdaq 100 remained largely stable at approximately 28,958 points.

In currency markets, the European common currency softened on Friday evening; the Euro traded at $1.1194 per dollar, or conversely, a dollar cost €0.8933.

The prices of commodities showed mixed results. Gold lost ground, trading at $3,996 per troy ounce in the evening session, representing a 0.6 percent decline. This equated to a price of €114.78 per gram. In contrast, the price of oil rose sharply. At around 10:00 PM Central European Time, a barrel of North Sea Brent crude was valued at $117.10, a 3.5 percent increase over the previous day’s closing price.