The Dow Jones closed up 243.60 points, but the Nasdaq fell heavily due to selling pressure on tech stocks.

The Dow Jones closed positive on Wednesday (July 17), but the S&P 500 and Nasdaq fell as concerns about the trade dispute between the United States and China led investors to sell tech stocks. and chip manufacturing companies

The Dow Jones Industrial Average closed at 41,198.08 points, up 243.60 points or +0.59%, the S&P500 index closed at 5,588.27 points, down 78.93 points or -1.39%, and the Nasdaq index closed at 17,996.92 points, down 512.42 points or -2.77%.

European stock markets closed lower for the third consecutive day, with chip stocks falling, as investors remained concerned about the prospect of escalating trade tensions between the US and China. Investors' focus is now on the ECB 's interest rate policy meeting this Thursday.

The STOXX 600 index closed at 514.83 points, down 2.47 points or -0.48%.

The CAC-40 French stock market index closed at 7,570.81 points, a decrease of 9.22 points or -0.12%, the German stock market DAX index closed at 18,437.30 points, a decrease of 80.73 points or -0.44% and the FTSE 100 London Stock Exchange index closed at 8,187.46 points, an increase of 22.56 points or +0.28%

The London stock market closed higher, driven by geopolitical risks that boosted safe-haven stocks (healthcare and consumer goods sectors), while stronger-than-expected inflation data reduced expectations of a Bank of England (BoE) interest rate cut.

The FTSE 100 London Stock Exchange Index closed at 8,187.46 points, up 22.56 points or +0.28%, having recovered from being as negative as 0.4% in the morning.

West Texas Intermediate (WTI) crude oil futures on the New York market closed up more than 2%, boosted by a larger-than-expected drop in weekly U.S. crude oil inventories and a weaker dollar.

The WTI crude oil contract is delivered in August. It rose $2.09, or 2.59%, to close at $82.85/barrel.

The Brent crude oil contract (BRENT) is delivered in September. It rose $1.35, or 1.61%, to close at $85.08/barrel.

Gold futures on the New York market closed slightly lower as investors sold off to take profits after gold contracts surged to a record high during the day.

The COMEX (Commodity Exchange) gold contract is delivered in August. down $ 7.90, or 0.32%, to close at $ 2,459.90 / ounce.

Silver contract for September delivery fell $1.081 or 3.44% to close at $30.377/ounce.

Platinum contract delivered in Oct. It was down $3.40, or 0.34%, at $1,008.10 an ounce.

Palladium contract delivered in September It was down $2.60, or 0.27%, at $954.20 an ounce.

The US dollar weakened against major currencies in New York foreign exchange trading, pressured by expectations that the Federal Reserve (Fed) will cut interest rates.

The dollar index, which measures the greenback against a basket of six major currencies, was down 6 percent to 0.5.

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