US stock markets showed a mixed picture on Monday. At the close of trading in New York, the Dow was calculated at 43,717.48 points, a minus of 0.25% compared to the previous trading day.
Just minutes earlier, the broader S&P 500 had reached around 6,070 points, a 0.4% gain, and the technology stock market, the Nasdaq, had calculated the Nasdaq 100 at around 22,095 points, a 1.5% gain. The Nasdaq even briefly reached record levels of around 22,130 points.
Market observers believe that the expected interest rate cuts by the US Federal Reserve are primarily driving investors to buy tech stocks. Shares of companies like Amazon were in high demand.
The European common currency was a bit stronger on Monday evening: one euro cost 1.0509 US dollars, and one dollar was worth 0.9516 euros accordingly.
Gold prices rose slightly, with 2,652 US dollars being paid for one fine ounce (+0.1%) in the evening, equivalent to 81.14 euros per gram.
Oil prices, on the other hand, fell: a barrel of the North Sea’s Brent variety cost around 73.77 US dollars at Monday evening around 10 pm German time, a decrease of 72 cents or 1.0% compared to the close of the previous trading day.