New York Equities Conclusion: Significant Gains – Economic Data Boost | message


NEW YORK (dpa-AFX) – After the extended Easter weekend, the Dow Jones Industrial (Dow Jones 30 Industrial) and S&P 500 jumped to record levels. The Dow was up 1.13 percent to 33,527.19 points. Before that, he had climbed to just under 33,618 points. The broader S&P 500 gained 1.44 percent to 4,077.91 points on Monday. The NASDAQ 100 selection index, which is characterized by technology stocks, rose 2.02 percent to 13,598.16 points. Since the most important European stock exchanges do not reopen until Tuesday, the trading volume was below average.

The reason for the optimism is surprisingly robust US economic data. The monthly labor market report was published on Friday. According to this, 916,000 new jobs were created outside of agriculture in March. Experts had expected considerably less with 660,000. Hourly wages fell surprisingly in a month-on-month comparison.

On Monday, the mood among US service providers was also surprising. The Institute for Supply Management’s (ISM) purchasing managers’ index rose in March to its highest level since records began in 1997. The decline in orders to US industrial companies that was more pronounced than expected by experts obviously did not spoil the mood

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