Animo tech funds helps Wall Street to start the week well Financial

The Dow-Jones index ended 3.2 percent higher at 22,327 points. The broad S&P 500 rose 3.4 percent to 2627 points, and technology gauge Nasdaq climbed 3.6 percent to 7774 points.

Last week, the Dow made the biggest gains since 1938 after being cleared for a massive US $ 2.2 trillion aid package.

Trump expects the peak in the number of daily deaths in the US from the corona virus in two weeks. He thinks that around June 1, the country will be “on the road to recovery.” Earlier, he hoped the worst would be over by Easter. Trump put his signature under the law on Friday that regulates the $ 2,200 billion aid package to support the U.S. economy in the crisis.

Tech funds could count on significant buyer interest, hoping that the pain from the corona virus will be better than expected. Intel gained 6%, while Microsoft gained 7% more. Apple’s share price rose 2.5%.

Abbott Laboratories, in particular, performed well with a 7.8% profit following the notification from the pharmacy company that it has received approval to roll out tests that can detect coronavirus in minutes.

Medical company Abbott Laboratories made a price jump of 6.4 percent. Abbott came up with a test for the coronavirus that can determine if someone is infected within 5 minutes. The test is small and portable. As of April 1, the company wants to deliver 50,000 pieces daily.

Industry peer Johnson & Johnson (J&J) announced it would begin testing an experimental vaccine against the coronavirus in test subjects in September. That should then be available to healthcare providers in early 2021, the pharmacist said. The J&J share won 8 percent.

Investment bank Jefferies (minus 2.4 percent) came with the news that financial director Peg Broadbent died at the age of 56 from the consequences of the corona virus.

Department store group Macy’s (minus 2.9 percent) temporarily sends the majority of its 130,000 employees home. The company lost a lot of turnover now that only the webshop is open and therefore cuts costs.

The euro was worth $ 1.1043, against $ 1.1029 at the close of the European stock exchanges. A barrel of American oil became 6.2 percent cheaper at $ 20.17. Brent oil cost 9.3 percent less at $ 22.61 a barrel.

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