US stock markets experienced a pullback on Monday, reversing some of the gains seen following remarks from Federal Reserve Chair Jerome Powell late last week. The Dow Jones Industrial Average closed at 45,282 points, representing a decline of 0.8 percent from the previous trading day.
The broader S&P 500 index finished the session down 0.4 percent at approximately 6,440 points, while the Nasdaq 100 closed at around 23,425 points, a decrease of 0.3 percent.
The initial optimism sparked by Powell’s comments regarding potential future interest rate adjustments appeared to lose momentum. Analysts suggest the market’s earlier rally may have been an overreaction and concerns persist regarding the potential inflationary impact of US trade policies.
In currency markets, the Euro weakened to $1.1609, with the Dollar trading at €0.8614.
Gold prices edged slightly lower, closing at $3,367 per troy ounce, down 0.2 percent, which equates to €93.24 per gram.
Meanwhile, crude oil prices rose, with Brent crude futures reaching $68.78 per barrel, a 1.6 percent increase from the previous closing price.