US stock exchanges concluded the day with gains on Thursday. The Dow Jones Industrial Average finished trading at 50,063 points, reflecting a 0.8 percent increase from the previous day’s close. Similarly, the Nasdaq 100 climbed 0.7 percent to reach 29,580 points, while the broader S&P 500 ended the day higher at 7,501 points, representing a 0.8 percent gain.
Technology stocks were the primary drivers of the day’s movement, fueling the ongoing record-chasing spree on Wall Street. Cisco, the network equipment provider, saw its shares jump sharply by about 13 percent after the company raised its annual earnings forecast for orders linked to AI. Shares of Nvidia and IBM also experienced significant rises.
Investors’ actions were also influenced by news concerning US President Donald Trump’s state visit to China. Market optimism suggests hopes for closer relations between the major powers, along with possible indicators of de-escalation in the Middle East.
Regarding global currencies, the Euro weakened on Thursday evening, trading at $1.1669 against the US dollar. Consequently, the dollar was valued at 0.8570 Euros.
In commodity markets, the gold price declined, falling 0.8 percent to close at $4,651 per troy ounce, equating to €128.15 per gram. In contrast, oil prices increased. A barrel of Brent crude oil cost $106.40 around 10 PM Central European Time, marking a 0.7 percent increase of 75 cents compared to the previous trading day’s close.
