At around 3:00 PM Lisbon time, the Dow Jones Industrial Average rose by 0.23% to 42,313.01 points, while the tech-heavy Nasdaq gained 0.19% to 19,559.02 points.
Simultaneously, the broad-based S&P 500 increased by 0.28% to 5,999.31 points.
While the major U.S. indices were climbing, indices in Frankfurt (-0.65%), Paris (-0.44%), Milan (-0.32%), and Madrid (-0.30%) recorded declines.
London was the sole major market showing growth, rising by 0.10% at 3:00 PM, preceding the Federal Reserve meeting whose decisions will be announced after European markets close.
The U.S. central bank is expected to make no changes to the main parameters of its monetary policy, with investors focusing instead on the new macroeconomic outlook that the Fed will release, which includes fresh growth and inflation estimates.
Markets are also monitoring the impact of tariffs on inflation data in Europe and the developments in the conflict between Israel and Iran, which led to a sharp increase in oil prices on Tuesday. Prices have declined today, dropping by $1.18 since the market opened, reaching $75.27 by 3:15 PM in Lisbon.
Meanwhile, the euro was trading at $1.1511.
On Tuesday, the Dow Jones closed 0.70% lower at 42,215.80 points, compared to its all-time high of 45,014.04 points set on December 4, 2024.
The Nasdaq, an index of high technology stocks, finished with a 0.91% drop to 19,521.09 points, against its record high of 20,173.89 points observed on December 16, 2024.
