U.S. stock markets declined on Monday, pressured by rising bond yields and renewed skepticism regarding the AI boom. By the close in New York, the Dow Jones Industrial Average fell by 0.7%, closing at 51,482 points. The broader S&P 500 mirrored this trend, dropping 0.8% to 7,684 points, while the tech-heavy Nasdaq 100 saw a sharper decrease, ending 1.1% lower at 30,277 points.
A major source of market anxiety remained the tense relationship between the United States and Iran. This geopolitical strain also pushed oil prices upward; the Brent crude futures contract, priced in the North Sea, rose 1.4% to $105.80 per barrel as of Monday evening (German time).
Financial analysts are increasingly predicting that the U.S. Federal Reserve will continue raising key interest rates in October. This expectation makes holding cash more attractive, prompting investors to sell off equities.
In other markets, the European currency weakened slightly on Monday evening, with the euro trading at $1.1371, meaning the dollar was equivalent to 0.8794 euros. Meanwhile, the price of gold experienced a sharp downturn; a fine ounce traded at $4,123 in the evening, a 3.8% decline, amounting to €116.56 per gram.
