US financial exchanges posted gains on Monday. By the close in New York, the Dow Jones Industrial Average was calculated at 49,704 points, marking an increase of 0.2 percent compared to the previous trading day. Earlier in the day, the broader S&P 500 hovered around 7,410 points, also up 0.2 percent, while the tech-heavy Nasdaq 100 was valued at approximately 29,320 points, posting a 0.3 percent gain.
Throughout the day, optimism surrounding the chip sector successfully diverted investor attention from concerns over rising oil prices. The positive earnings reports from semiconductor manufacturers, including Nvidia, Qualcomm, and Micron, appeared to convince Wall Street investors. Intel also remained in focus following recent reports concerning a cooperation with Apple. However, given the lack of a clear resolution to the conflict in Iran, oil prices are expected to once again generate market volatility in New York.
In currency markets, the European common currency strengthened slightly on Monday evening; the euro traded at $1.1778 per dollar, meaning the dollar was available for 0.8490 euros. Meanwhile, gold prices benefited from the market activity, reaching $4,735 per fine ounce in the evening-a gain of 0.4 percent, equating to €129.25 per gram.
Commodity markets saw the most dramatic shifts: The price of oil rose sharply. At about 10:00 PM German time on Monday, a barrel of North Sea Brent crude cost $104.30, representing a significant increase of 2.9 percent compared to the previous closing prices.
