NEW YORK (dpa-AFX) – The approaching extensive corona aid package for the US economy as well as calming on the bond markets ensured strong gains on the US stock exchanges on Monday. In addition, strong sentiment and economic data supported, as sentiment in US industry brightened surprisingly strongly in February. The ISM purchasing managers’ index reached its highest level in three years. In addition, construction investments rose significantly more sharply than expected in January.
The world’s most famous index, the Dow Jones Industrial (Dow Jones 30 Industrial), rose by 2.15 percent to 31,596.88 points around two hours before the close of trading. He is thus back on the way to his record high of last Wednesday at a little over 32,000 points.
After the approval of the democratically dominated House of Representatives, US President Joe Biden called on the Senate to quickly pass the almost two trillion economic stimulus package he proposed against the Corona crisis. Democrats and Republicans each have 50 seats in the Senate. Vice-President Kamala Harris – who is also President of the Chamber – can cast the casting vote in a stalemate.
The market-wide S&P 500 rose later on Monday by 2.19 percent to 3894.46 points. The technology-heavy NASDAQ 100 advanced 2.28 percent to 13,204.41 points. In the US bond market, government bonds rose slightly. The yield on trend-setting ten-year bonds fell to 1.44 percent at the same time.
The stocks that were particularly in demand on the US stock market were those that had previously been heavily sold. Boeing gained 5.2 percent, the top figure in the Dow, Apple rose 4.0 percent and Intel gained 3.2 percent.
Oil stocks benefited from the increased oil price. ExxonMobil gained 4.0 percent in the S&P 100 index and ConocoPhillips rose 1.2 percent while Chevron gained 2.0 percent in the Dow.
Johnson & Johnson (JohnsonJohnson) advanced 1.1 percent. As expected, the pharmaceutical company has received emergency approval for its corona vaccine from the US Food and Drug Administration.
In the Nasdaq, United Airlines shares rose by only 1.4 percent after initially very strong gains. The airline settled its fraud litigation for a payment of nearly $ 50 million./ck/he
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