US stock markets exhibited cautious performance on Monday, with investors adopting a wait-and-see approach ahead of a busy week of earnings releases. The Dow Jones Industrial Average closed at 44,323 points, reflecting a slight decrease compared to the previous trading day.
Earlier in the session, the broader S&P 500 briefly edged higher, reaching approximately 6,305 points, a gain of 0.1%. The Nasdaq 100 also saw a positive movement, closing around 23,180 points, up 0.5%. This brief uptick in the indices was followed by a general consolidation as traders prepared for a significant number of corporate reports.
The week’s earnings calendar is densely populated, beginning Tuesday with results from beverage giant Coca-Cola, automotive manufacturer General Motors and defense contractor Lockheed Martin. Wednesday will see the release of data from electric vehicle leader Tesla, Google’s parent company Alphabet and telecommunications providers T-Mobile US and AT&T. Intel, a key player in the semiconductor industry, will then report on Thursday.
The Euro strengthened against the US dollar, trading at $1.1690, with the dollar equivalent to €0.8554.
Gold prices saw a notable increase, with a fine ounce being valued at $3,398 (+1.4%). This translates to a price of €93.46 per gram.
Conversely, the oil price experienced a decline. Brent crude, a benchmark for North Sea oil, closed at $68.99 per barrel, a decrease of 29 cents or 0.4% compared to the closing price of the previous trading day.
