US stock markets experienced a downturn Monday, with the Dow Jones Industrial Average closing at 45,282 points, representing a 0.8 percent decrease from the previous trading day. The S&P 500 followed suit, finishing down 0.4 percent at approximately 6,440 points, while the Nasdaq 100 edged down 0.3 percent to around 23,425 points.
The initial optimism stemming from Federal Reserve Chair Jerome Powell’s remarks at Jackson Hole on Friday appeared to dissipate as the trading day progressed. Analysts suggest the market’s positive reaction to the prospect of potential future interest rate cuts may have been an overreaction. Concerns also remain regarding the potential inflationary impact of current US trade policies.
In currency markets, the Euro weakened Monday evening, trading at 1.1609 US dollars. Conversely, the US dollar was valued at 0.8614 Euros.
Gold prices experienced a slight decline, settling at 3,367 US dollars per troy ounce, a decrease of 0.2 percent. This translates to a price of 93.24 Euros per gram.
Oil prices, however, rose considerably, with Brent crude reaching 68.78 US dollars per barrel – a 1.6 percent increase from the previous closing price.
