The U.S. stock markets ended the day on a sharp decline. At the close in New York, the Dow Jones Industrial Average settled at 45,960 points, a fall of 1.0 % from the previous trading day. Only minutes earlier, the broader S&P 500 was trading near 6,477 points, down 1.7 %, while the technology-focused Nasdaq 100 was around 23,587 points, down 2.4 %.
Earlier this week, Google revealed a new algorithm called “Turbo Quant” on its research blog. The tool promises to reduce the memory footprint of large language models dramatically. The news has already reached mainstream media and prompted investors to reassess its potential impact on AI‑chip manufacturers. Nevertheless, Alphabet’s shares did not experience a rally, as prevailing uncertainty over the U.S.-Israel conflict with Iran continues to weigh on market sentiment.
On the currency front, the euro was a little weaker by the evening. One euro exchanged for 1.1545 U.S. dollars, and one U.S. dollar was priced at 0.8662 euros.
Gold moved decisively lower. By the close, a fine ounce fetched $4,390, a decline of 2.8 %. This translates to roughly 122.25 euros per gram.
Oil, meanwhile, climbed on Thursday night. At 9 p.m. German time, a barrel of Brent crude priced at $107.40, up 5.1 % from the previous day’s close.
