U.S. stock exchanges closed higher on Thursday. In New York, the Dow finished at 50,286 points, representing a 0.6 percent gain compared to the previous trading day. The broader S&P 500 added 0.2 percent, closing at approximately 7,446 points, while the Nasdaq 100 rose 0.2 percent to reach roughly 29,357 points.
Investor sentiment was influenced by developments in the Iran conflict. Following reports from Iranian media that the regime is currently considering a U.S. proposal, investors assessed the chances of a resolution to the war. The proposed agreement reportedly triggered a confrontation between U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu. Although the United States expressed surprise over the swift replenishment of Iran’s military capabilities and the confirmed loss of over 40 aircraft, drones, and helicopters, Israel continues to seek ways to weaken Iran. Meanwhile, for the U.S. President, scrutiny over accusations against Raúl Castro regarding Cuba is shifting focus toward a different potential target for military action in the Middle East.
In currency markets, the European currency saw a slight weakening on Thursday evening; the euro traded at $1.1617 against the U.S. dollar, meaning the dollar cost 0.8608 euros.
The price of gold declined slightly, with an ounce trading at $4,541 USD in the evening (-0.1%), equivalent to 125.67 Euros per gram. Oil prices also dropped. A barrel of North Sea Brent crude cost $104.40 USD around 10 PM German time, which was 0.6 percent-or 66 cents-less than the previous day’s close.
