US markets finish higher after US shoots down Iranian drone

Thursday, 18. July 2019 22:00

Equities on United States' stock markets finished the Thursday's trading session higher following President Donald Trump's announcement that the Navy shot down an Iranian drone in the Strait of Hormuz, guaranteeing tensions between the two countries will flare. The price of an ounce of gold reached the highest point in six years, while silver touched a one-year high as precious metals continue to rise propelled by global uncertainties. Federal Reserve's officials John Williams and James Bullard both called for an interest rate cut in order to sustain the current US economic growth.

The Dow Jones Industrial Average was flat at the closing bell, as International Business Machines Corp. advanced 4.59% after reporting earnings yesterday. The Nasdaq 100 rose 0.19% with Liberty Global surging 8.04%. The S&P 500 increased 0.36% concurrently as Philip Morris International jumped 8.22% on upbeat financial results.

The euro was up 0.46% against the dollar at 3:59 pm ET to 1.12759, while the pound grew 0.98% to change hands for $1.25553 at the same time.

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Breaking the News / MD