Nasdaq hits record as dollar and Treasury yields climb, oil prices ease
On Monday, Wall Street equities experienced gains as major companies like Nvidia, Meta Platforms, and Microsoft saw stock increases. The Dow Jones Industrial Average rose 0.18 percent, the S&P 500 added 0.7 percent, and the Nasdaq Composite gained 1 percent, reaching a new record high. Oil prices eased, contributing to the market's positive performance.
Meanwhile, the Euro recovered slightly against the US dollar, trading at $1.122, after initial losses. French equities faced a setback due to political concerns and a recent acquisition. The MSCI global stock index rose 0.7 percent. Market analysts noted that despite economic growth and the AI boom, there were signs of stress in the equity market and bond markets.
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