The American stock markets saw a substantial increase on Monday. By the close of trading in New York, the Dow Jones Industrial Average reached 52,389 points, marking a gain of 2.2% from the previous day. Prior to this, the broader S&P 500 was climbing 2.4%, settling near 7,550 points, while the technology-focused Nasdaq 100 registered a 3.4% increase, reaching approximately 27,905 points.
This recovery came after earlier concerns regarding stricter AI regulation, concerns amplified by the US Democrats’ victory in the midterms, had led to sharp declines, particularly within technology stocks.
However, Nvidia stood out as an exception, posting significant losses. This downturn follows reports detailing an extramarital affair involving Nvidia CEO Jensen Huang and an entrepreneur who is allegedly connected to Chinese intelligence. Huang has confirmed the affair, though the allegations of espionage remain unverified.
In other markets, the European common currency strengthened on Monday evening, with one Euro trading at $1.1221, meaning the dollar was valued at 0.8912 Euros. Meanwhile, gold benefited strongly, rising 1.7% by the evening, fetching $4,141 per troy ounce, which equates to €118.66 per gram.
