U.S. equity markets saw positive momentum on Monday, closing with gains across major indices. The Dow Jones Industrial Average reached 44,094 points by close of trading in New York, reflecting a 0.6% increase compared to the previous session.
The broader S&P 500 also registered a positive performance, reaching approximately 6,205 points, up 0.5%. The Nasdaq Composite, heavily weighted with technology stocks, closed at around 22,680 points, showing a 0.6% gain.
Investor sentiment appears to have been buoyed by the announcement from the Trump administration regarding the resumption of trade negotiations with Canada. This development follows Ottawa’s decision to withdraw its planned digital services tax targeting U.S. technology companies. Progress toward agreements has also been noted with the United Kingdom and other nations, contributing to the optimistic outlook.
The euro strengthened against the U.S. dollar on Monday evening, trading at $1.1778, with one dollar priced at €0.8490.
Gold prices saw a significant increase, reaching $3,309 per fine ounce – a 1.1% rise. This translates to €90.33 per gram.
In contrast, crude oil prices declined. Brent crude, a benchmark for North Sea oil, traded at $67.61 per barrel as of approximately 10:00 PM German time, a decrease of 16 cents, or 0.2%, compared to the previous day’s closing price.