US equity markets experienced gains on Monday, concluding the trading day with positive results. The Dow Jones Industrial Average was recorded at 46,316 points at the close of trading in New York, reflecting a 0.2 percent increase from the previous day’s level.
The broader S&P 500 reached approximately 6,661 points, showing a 0.3 percent rise. The Nasdaq 100 index was valued at around 24,611 points, indicating a 0.4 percent increase at the same time.
Market activity was influenced by several factors including consideration of a proposed plan related to Gaza from the US President, alongside announcements impacting tariffs on films and furniture. Concerns surrounding a potential US government shutdown are also contributing to market sentiment. Such a shutdown would potentially delay the release of crucial labor market data, a key input for the Federal Reserve’s assessment of future interest rate policy adjustments. The President is scheduled to meet with representatives from the opposing Democratic party, whose cooperation is necessary to avert the shutdown.
The euro strengthened slightly against the US dollar, trading at $1.1728, equivalent to €0.8527 per dollar.
Gold prices saw a significant increase, reaching $3,829 per fine ounce (+1.8%), which translates to €104.96 per gram.
Conversely, oil prices experienced a sharp decline. Brent crude, a North Sea variety, was priced at $67.67 per barrel, a decrease of 246 cents, or 3.5 percent, compared to the previous trading day’s closing value.