Wall Street stocks performed better than European stocks on Thursday because of positive earnings reports from Microsoft and Meta Platforms. The market experienced positive gains despite new inflation statistics and Federal Reserve warnings that maintained steady interest rates while adopting a data-based strategy.
The S&P 500 and Nasdaq experienced small gains because of ongoing AI and big tech market interest but the Dow Jones Industrial Average declined. European stocks declined because copper prices plummeted after President Trump declared a 50% tariff on copper pipes and wiring imports to the United States.
The dollar experienced a minimal increase against the yen but showed mixed results in other currency pairs. The U.S. Treasury yield decreased because investors remained cautious about upcoming trade deadlines and persistent inflation issues. Asian stock markets declined because Chinese market indexes received unfavorable economic performance reports.
