US markets closed higher Monday, spurred by positive developments in international trade negotiations. The Dow Jones Industrial Average reached 44,094 points at the close of trading in New York, marking a 0.6% increase from the previous day’s performance.
The broader S&P 500 also registered gains, reaching approximately 6,205 points, a 0.5% uptick. The Nasdaq 100 composite index closed around 22,680 points, reflecting a 0.6% increase.
Investor sentiment appears to have been bolstered by the Trump administration’s announcement of renewed trade negotiations with Canada. This follows Ottawa’s recent withdrawal of its planned digital tax targeting US technology companies. Progress towards agreements has also been reported with the United Kingdom and other nations.
The euro strengthened against the US dollar, closing at $1.1778, equivalent to $0.8490 per dollar.
Gold prices experienced a significant rise, reaching $3,309 per fine ounce-an increase of 1.1%. This translates to a price of €90.33 per gram.
Conversely, crude oil prices saw a decline. Brent crude, a benchmark for North Sea oil, traded at $67.61 per barrel, a decrease of 16 cents, or 0.2%, compared to the previous trading day’s closing price.
