US stock markets ended the day in the red on Monday. The Dow Jones was calculated at 44,421 points, a 0.3% loss compared to the previous trading day.
Just minutes earlier, the broader S&P 500 was at around 5,995 points, down 0.8% and the tech-heavy Nasdaq 100 was at around 21,300 points, also down 0.8%.
Initially, the situation on Wall Street looked much bleaker, with losses of over 1% at the start of the day. However, the markets managed to recover throughout the day. The announcement that US tariffs on Mexico would be temporarily suspended for a month likely played a role in the market’s turnaround.
The European common currency was stronger on Monday evening, with one euro worth 1.0295 US dollars and one dollar worth 0.9713 euros.
The gold price was able to capitalize on the market’s uncertainty, closing the day at $2,816 per ounce, a 0.6% increase, or 87.96 euros per gram.
Meanwhile, the oil price rose slightly, with a barrel of Brent crude worth $75.79 at around 22:00 CET, up 12 cents or 0.2% from the previous day’s close.