US Stocks Dip After Trump's Brief Iran Optimism; Euro Falls, Gold and Oil Rise
Economy / Finance

US Stocks Dip After Trump’s Brief Iran Optimism; Euro Falls, Gold and Oil Rise

U.S. stock markets largely slipped on Monday. By the close in New York, the Dow Jones Industrial Average stood at 45,216 points, up only 0.1 % from the previous day. A few minutes earlier, the broader S&P 500 was trading around 6,345 points, down 0.4 %, while the technology‑heavy Nasdaq was near 22,955 points, a decline of 0.8 %.

At the start of the session, a faint wave of optimism spread along Wall Street, sparked by recent statements from U.S. President Donald Trump about the Iran conflict. Trump claimed that negotiations for an end to the Middle East war were progressing well. Analysts quickly cautioned that the veracity of these remarks was hard to confirm, and investor sentiment appeared to shift toward skepticism as the day unfolded.

The euro weakened over Monday evening. One euro fetched $1.1459, meaning one dollar was equivalent to €0.8727.

Gold moved higher. By evening, the price of a fine ounce was $4,510, a 0.4 % increase, translating to €126.53 per gram.

Oil also posted a notable uptick. At about 10 p.m. German time, a barrel of North Sea Brent traded at $113.80, a gain of 1.1 % over the close of the previous trading day.