US Stocks Climb as Brent Crude Oil Prices Surge and Metals Rise
Economy / Finance

US Stocks Climb as Brent Crude Oil Prices Surge and Metals Rise

US stock markets rose on Thursday. At the close in New York, the Dow reached 50,926.56 points, reflecting a gain of 0.04 percent compared to the previous day’s trading. A broader look revealed more significant gains: the S&P 500 was up 0.2 percent at 7,666 points, while the technology-heavy Nasdaq 100 calculated approximately 30,502 points, marking a 0.3 percent increase.

In currency markets, the Euro was weaker Thursday evening; one Euro cost $1.1246, meaning that the Dollar was trading at 0.8892 Euros. Commodity prices moved strongly, with the price of gold improving. For a fine ounce, gold was purchased at $4,179 in the evening, an increase of 0.5 percent, equating to €119.48 per gram. Meanwhile, the oil price saw a sharp increase. At approximately 102:00 CEST on Thursday evening, a barrel of North Sea Brent crude cost $102.50, which represented a 4.6 percent jump from the previous day’s closing price.