At 14:35 in Lisbon, the Dow Jones Industrial Average rose 0.32% to 43,527.38 points, while the Nasdaq Composite gained 0.30% to 20,229.38 points.
At the same time, the S&P 500 increased by 0.22% to 6,154.62 points.
Within this index, Nike saw significant growth with a rise of 15.18%, and Estee Lauder increased by 5.06%, whereas Newmont fell by 3.45% and Palantir declined by 2.68%.
Nike announced on Thursday that it would shift its production to mitigate the impact of tariffs imposed by Washington on imports from China.
Production in the Asian giant accounts for about 16% of the footwear imported by Nike to the U.S., stated the brand’s CFO during a conference on Thursday. The objective is to reduce this figure to a single digit by the end of the fiscal year 2026 (May 31 of the following year), he added.
In the Dow Jones, Goldman Sachs gained 2.58%, and Amazon increased by 2.42%, in contrast to a 1.27% loss by retailer Walmart.
Wall Street closed higher on Thursday.
The Dow Jones ended with an increase of 0.94% to 43,386.84 points, compared to its record high since the index’s inception in 1896, which was 45,014.04 points on December 4, 2024.
The Nasdaq, which includes high-tech stocks, closed with a rise of 0.97% to 20,167.91 points, against its all-time high of 20,173.89 points recorded on December 16, 2024.
In Europe, at the same time, major indices in London, Paris, Frankfurt, Milan, and Madrid were showing gains.
Shortly after Wall Street opened, the euro was trading at 1.1721 dollars, and Brent crude for August delivery slightly advanced to 68.15 dollars per barrel.
