The US stock markets saw mixed results on Monday. As trading wrapped up in New York, the Dow Jones reached 51,712 points, marking a gain of 0.2% compared to the previous day. However, minutes earlier, the broader S&P 500 was down 0.4% with roughly 7,470 points, while the technology-focused Nasdaq 100 was also down 0.2% at approximately 30,345 points. Following the long US weekend, investors appeared to take a more critical stance on technology stocks, a trend linked to the high levels of spending by many corporations involved in the AI competition.
Offsetting this, positive developments concerning US-Iran negotiations helped boost optimism on Wall Street, which also influenced energy prices. Oil prices, in the meantime, dropped sharply; around 10 p.m. German time on Monday, a barrel of North Sea Brent crude was trading for $78.26, representing a decrease of 2.9% or 231 cents from the previous closing figures.
In currency markets, the European common currency weakened on Monday evening, with one Euro trading at $1.1425. Conversely, the dollar was available for 0.8753 Euros. Gold prices performed well, rising to $4,193 per fine ounce in the evening (+0.8%), which translates to €118.00 per gram.
