US markets displayed a cautious performance on Monday, exhibiting a degree of resilience following recent trade-related announcements. The Dow Jones Industrial Average closed at 44,459 points, marking a 0.2% increase from the previous trading day.
The broader S&P 500 registered a slight gain of 0.1%, reaching approximately 6,270 points. The Nasdaq 100 index showed a more positive trend, closing at around 22,855 points, an increase of 0.3%.
Following weekend announcements by the US President regarding tariffs on imports from Mexico and the European Union, market participants reacted with less volatility than seen in response to previous trade-related pronouncements. Many analysts appear to view the President’s actions primarily as a negotiation tactic, prompting a wait-and-see approach until the month-end deadline.
The Euro weakened slightly against the US dollar, trading at $1.1667, equivalent to €0.8571 per dollar.
Gold prices saw a decline, with a fine ounce fetching $3,344 (down 0.4%), translating to €92.15 per gram.
Crude oil prices also experienced a notable decrease. Brent North Sea crude traded at $69.18 per barrel, a drop of $0.18 or 1.7% compared to the previous trading day’s closing price.