U.S. stock exchanges experienced a notable decline on Thursday. At the close of trading in New York, the Dow Jones finished at 52,759 points, marking a 1.3 percent decrease compared to the previous trading day. Slightly earlier, the broader S&P 500 was down 0.9 percent, settling at approximately 7,641 points, while the technology-focused Nasdaq 100 was calculated at around 29,213 points, reflecting a 0.7 percent drop.
In response to the high yields on long-term U.S. government bonds, U.S. Treasury Secretary Scott Bessent announced to CNBC that the administration intends to take a firm, contrary stance. After previously expanding the current bond-buying program, he indicated that future purchase programs might maintain a similar magnitude. Bessent expressed his conviction that the current yields do not accurately reflect the fundamental data regarding the war in Iran.
Regarding currency markets, the European common currency strengthened slightly on Thursday evening. The Euro was priced at $1.1679, meaning the dollar could be purchased for 0.8562 Euros.
The gold price remained largely unchanged, trading at $4,522 per fine ounce in the evening, which translates to 124.48 Euros per gram. In contrast, the oil price rose sharply. The Brent North Sea crude barrel cost approximately $93.55 around 10 p.m. German time on Thursday, representing a 2.1 percent increase from the previous day’s closing figures.
