The U.S. stock markets fell sharply on Monday. The Dow Jones Industrial Average closed at 48,804 points, down 1.7 %, the Nasdaq‑100 at 24,709 points, down 1.2 %, and the broader S&P 500 at 6,838 points, down 1.0 %.
Investor fear over artificial intelligence racked the trading floors again, as buyers struggled to gauge how newer AI developments would affect each company. Panic selling hit IBM’s shares, which slid 13 %-the biggest one‑day loss since over 25 years ago. The trigger was a statement from AI firm Anthropic about a new version of its “Claude Code” tool, which could potentially revamp IBM’s still‑relevant use of the older programming language COBOL.
On the currency market, the euro weakened slightly in the evening: one euro fetched 1.1792 U.S. dollars, while one dollar was worth 0.8480 euros.
Gold posted strong gains. By the end of the day, a fine-ounce fetched 5,234 U.S. dollars-up 2.5 %-which translates to about 142.70 euros per gram.
Oil prices slipped modestly; Brent crude, a North Sea benchmark, traded at 71.62 U.S. dollars per barrel at around 10 p.m. German time-14 cents, or 0.2 %, lower than the previous day’s close.
