Market

Trump's Middle East Trip Sparks Market Movements as US Stocks Close Mixed

Market Reacts to Trump's Middle East Visit

Investors closely watched the impact of US President Donald Trump's recent trip to the Middle East, leading to mixed closes across major US stock indexes on Wednesday. The highlight of Trump's visit was the announcement of a groundbreaking $200 billion Boeing deal with Qatar, marking a significant moment in US-Qatar relations.

Details of the Boeing-Qatar Deal

Under this historic agreement, Qatar Airways has committed to purchasing up to 210 widebody jets, a move that is expected to support approximately 400,000 jobs in the United States. This deal not only underscores the strength of the aerospace sector but also highlights the economic ties between the two nations.

Stock Market Performance

While the Dow Jones experienced a slight decline of 0.21%, the Nasdaq 100 saw an uptick of 0.57%. The S&P 500 remained relatively unchanged, reflecting the market's cautious optimism.

Currency Movements

In currency markets, the euro dipped 0.16% against the dollar, trading at $1.11671 by late afternoon ET.

Stay tuned for further updates on this developing story.