US stock markets rebounded on Monday after a weak start, with the Dow closing 0.2% higher at 42,907 points, the Nasdaq-100 rising 1% to 21,503, and the S&P 500 gaining 0.7% to 5,974 points.
Market analysts attributed the gains to the strong demand for tech stocks, such as Nvidia and Meta, which continued to rise at the start of the week. It appears that many investors have blind faith that the overall market will not be bad if these stocks perform well.
The US dollar was also in focus, with one euro costing 1.0405 dollars and one dollar equivalent to 0.9611 euros. The gold price was weaker, with a troy ounce selling for $2,611, a 0.5% drop, equivalent to 80.67 euros per gram.
Oil prices, on the other hand, fell slightly, with a barrel of Brent crude selling for $72.89 at the end of the day, a 0.1% drop from the previous day’s close.
In contrast to the German stock markets, which only have two trading days left this year on December 27 and 30, the US markets will operate on a reduced schedule on December 24, and normally on December 26, 31, and will have a full trading day.