US equity markets presented a mixed performance on Monday, ultimately concluding with varying degrees of advancement. The Dow Jones Industrial Average edged slightly lower, closing at 46,695 points, a 0.1% decrease from Friday’s closing value.
In contrast, the broader S&P 500 index gained 0.4%, closing at 6,740 points. The technology-focused Nasdaq 100 saw a more significant increase, closing at 24,979 points, marking a new all-time high.
A key catalyst for the technology sector’s positive trajectory was a substantial deal involving semiconductor manufacturers. AMD’s stock price surged by approximately 25% following news of a multi-billion dollar agreement with AI provider OpenAI. Under the agreement, the US semiconductor corporation is slated to deliver high-performance processors starting in the latter half of 2026. OpenAI has indicated plans to establish a one-gigawatt facility based on the upcoming MI450 chip series starting next year, retaining the option of an investment in AMD.
The Euro weakened slightly against the US Dollar, trading at $1.1713, meaning $1 was worth €0.8538.
Gold prices experienced a noticeable increase, reaching $3,960 per fine ounce – a 1.9% rise – equivalent to €108.70 per gram.
The price of crude oil also saw a considerable uptick, with a barrel of Brent North Sea crude fetching $65.56, a 1.6% increase compared to the previous trading day’s close.
