Market Reaction to Upcoming Trump-Putin Meeting

As the world watches closely, major U.S. stock markets showed little movement on Thursday, closing flat amidst the growing anticipation of the upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin. President Trump expressed optimism about the potential for peace between Putin and Ukrainian President Volodymyr Zelensky, though he acknowledged the complexity of the situation.

Economic Indicators Under the Microscope

Investors also turned their attention to the latest economic reports, which presented a mixed picture. Initial jobless claims were lower than expected, offering a glimmer of hope for the labor market. However, this positive news was offset by producer prices rising more than analysts had projected, signaling potential inflationary pressures.

Market Performance at a Glance

The Dow Jones Industrial Average, the Nasdaq 100, and the S&P 500 all ended the day with minimal changes, reflecting the market's cautious stance. Meanwhile, the euro experienced a slight decline against the dollar, trading at $1.16487 by late afternoon.