The U.S. stock markets added broadly on Monday. At the close in New York, the Dow was roughly 50,135 points-slightly higher than the day before. A few minutes earlier, the broader S&P 500 was trading near 6,965 points, up 0.5 percent, while the technology-focused Nasdaq 100 was around 25,270 points, up 0.8 percent.
Despite the positive market moves, Wall Street sentiment was still weighed down by U.S. labor‑market developments, said Andreas Lipkow, chief market analyst at CMC Markets. “Artificial intelligence is becoming a real job killer for high‑pay technology roles, which could leave visible traces in consumer behavior and the U.S. real‑estate market” he added.
“It wouldn’t be surprising if the equity markets held steady or consolidated further up until the late Wednesday release of the monthly report” Lipkow continued. “The ongoing U.S. earnings season remains a tone‑setting factor. While the big names are already through, several important mid‑size U.S. companies will release their quarterly results and, more importantly, their guidance in the coming days”.
The euro strengthened in the evening. One euro bought 1.1916 U.S. dollars, while one U.S. dollar was worth 0.8392 euros.
Gold posted strong gains, with spot tightening at about $5,080 per troy ounce-a 2.3 percent rise. That translates to roughly €137.07 per gram.
Oil also rebounded sharply. Brent, the North Sea benchmark, traded at roughly $68.91 per barrel at 10:00 p.m. German time-a 13‑cent, or 1.3 percent, increase from the previous session’s close.