The market-wide S&P 500 gained 1.2 percent to 4456 points. The technology-heavy Nasdaq 100 rose even more with 1.8 percent to 14,518 points.
Russia is currently holding several maneuvers. The United States fears that troop movements and a deployment of tens of thousands of soldiers along Ukraine’s borders could serve to prepare for war. Russia rejects this and stresses every day that it is not planning an attack on Ukraine.
“We do not expect a broad invasion of Ukrainian territory by Russian troops,” the fund company DWS said in a comment. A war is unlikely, but the danger has not yet been averted. The West will now undertake further diplomatic efforts to allow Moscow a “face-saving withdrawal”.
Meanwhile, takeovers made headlines on the US stock exchanges. The shares of the Israeli chip manufacturer Tower Semiconductor, listed in New York, shot up by more than 40 percent to just under 47 US dollars. The American industry giant Intel is taking over the company for an estimated USD 5.4 billion. The deal values Tower at $53 per share. Intel shares, meanwhile, have been flat.
Monster Beverage shares are up 1.8 percent. According to company sources cited by Bloomberg news agency, the energy drink maker’s merger talks with Constellation Brands are progressing. The latter company produces, among other things, the beer brand Corona. The talks are still at an early stage, it said. Constellation Brands, on the other hand, lost 1.5 percent.
Virgin Galactic’s shares soared 12.5 percent. The space company has announced that it wants to sell reservations for space flights starting Wednesday.
Good business figures allowed the papers of the hotel group Marriott International to rise by 4.5 percent. According to the US analyst firm Bernstein Research, revenue per hotel room exceeded expectations in the past quarter
(AWP)
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