US Markets Rise on Bullish Momentum as Brent Crude Oil Prices Drop Sharply
Economy / Finance

US Markets Rise on Bullish Momentum as Brent Crude Oil Prices Drop Sharply

US stock markets saw gains on Monday. At the close in New York, the Dow finished at 52,362 points, registering a 0.3% increase compared to the previous trading day. Earlier in the day, the broader S&P 500 stood at around 7,677 points, up 0.7%, while the technology-heavy Nasdaq 100 measured approximately 29,273 points, gaining 1.1%.

In other markets, the Euro weakened on Monday evening; one euro traded at $1.1175, meaning one dollar was valued at 0.8949 euros.

Commodity prices followed mixed trends. Gold benefited from the movements, with a fine ounce trading at $4,012 in the evening, representing a gain of 0.3%. This translates to a price of 115.43 euros per gram. Conversely, the price of oil fell notably. A barrel of Brent crude from the North Sea cost $115.40 on Monday evening, around 9 p.m. German time. This marked a decrease of 1.2%, or 135 cents, from the previous day’s closing figures.