On Monday, U.S. shares dropped sharply. The Dow finished at 48,804 points, down 1.7 %; the Nasdaq‑100 closed at 24,709 points, down 1.2 %; and the broader S&P 500 ended at 6,838 points, a fall of 1.0 %.
Fear of artificial intelligence spread again on Wall Street as investors struggled to gauge its effects on individual firms. IBM shares, for instance, plunged 13 %, marking the company’s largest one‑day loss in more than 25 years. The drop was triggered by a press release from AI firm Anthropic announcing a new version of its “Claude Code” tool-a development that could disrupt the use of legacy COBOL code still crucial for IBM.
In Europe, the euro slipped slightly over the night. One euro traded at 1.1792 U.S. dollars, meaning one U.S. dollar could be exchanged for 0.8480 euros.
Gold rallied strongly; by evening a fine‑ounce fetched $5.234, an increase of 2.5 %. That price translates to 142.70 euros per gram.
Oil prices edged lower: Brent from the North Sea was quoted at $71.62 per barrel at about 10 p.m. German time, 14 cents-or 0.2 %-below the previous day’s close.