US equity markets presented a mixed performance on Monday, ultimately driven by strength in the technology sector. The Dow Jones Industrial Average closed marginally lower at 39,695 points, a decline of 0.1% from Friday’s closing level.
In contrast, the broader S&P 500 gained 0.4%, closing at 4,970 points. The Nasdaq Composite experienced a more significant uptick, reaching a record high of 4,799 points, a 0.8% increase.
Chip manufacturers were a key driver of the positive tech sentiment. Advanced Micro Devices (AMD) saw a surge of approximately 25% after announcing a multi-billion dollar agreement with artificial intelligence firm OpenAI. Under the deal, AMD will supply high-performance processors beginning in the latter half of 2026. OpenAI plans to construct a one-gigawatt facility based on AMD’s upcoming MI450 chip series starting next year and retains the option for an equity stake in AMD.
The euro weakened slightly against the US dollar, trading at $1.1713, with the dollar fetching €0.8538.
Gold prices saw a notable increase, reaching $3,960 per fine ounce, representing a 1.9% rise, equivalent to €108.70 per gram.
Crude oil prices also registered a significant increase, with a barrel of Brent North Sea crude costing $82.56 at approximately 10:00 PM German time, a 1.6% increase compared to the previous trading day’s close.