Investing.com - The Australian stock market kicked off Monday's trading with a drop of 1.3%, following a retreat in Wall Street last Friday.
On Wall Street last Friday, the Dow Jones Industrial Average fell by 0.2%, the S&P 500 decreased by 0.65%, and the NASDAQ Composite descended by 1.15%.
In the gold sector, ASX 200 listed companies Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: ASX:NST) are poised for a strong start to the week. This optimism follows the spot gold price's climb to a new high on Friday, rising 0.95% to US$2,185.5 an ounce, as reported by CNBC. This surge was in response to encouraging US job data, which bolstered hopes for a rate cut.
The Australian dollar saw a slight increase of 0.1% to US66.25c.
In New York, mining giants BHP (ASX:BHP) Group Ltd ADR (NYSE:BHP) and Rio Tinto ADR (NYSE:RIO) experienced decreases of 0.9% and 1.5% respectively, while Atlassian Corp Plc (NASDAQ:TEAM) saw a rise of 2.9%. Tech giants Tesla (NASDAQ:TSLA) and Microsoft (NASDAQ:MSFT) saw decreases of 1.9% and 0.7% respectively, while Apple (NASDAQ:AAPL) experienced a 1% increase. NVIDIA Corporation (NASDAQ:NVDA) saw a significant fall of 5.6%. Other tech giants, Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN), saw fluctuations of +0.8% and -0.8% respectively, while Meta Platforms Inc (NASDAQ:META) saw a decrease of 1.2%. Spot gold saw a 0.9% increase to $US2178.87/oz in New York. Brent crude fell by 1.3% to $US81.86 a barrel. Iron ore saw a decrease of 1.6% to $US114.85 a tonne. The 10-year yield rates were as follows: US 4.07%, Australia 3.97%, Germany 2.26%.
Several ASX 200 listed companies, including coal miner Coronado Global Resources Inc (ASX:CRN), biotech powerhouse CSL Ltd (ASX:CSL), hospital operator Ramsay Health Care Ltd (ASX:RHC), and media firm Seven Group Holdings Ltd (ASX:SVW), are going ex-dividend today.