Dow and S&P are hardening records; NXP excels | Financial

The Dow Jones index ends 0.5% higher with a record level of 32,968 points. The S & P500 gains 0.7% on a new peak of 3968 points. Nasdaq tech grant advances 1% to 13459 points. Due to the start of summer time in America last weekend, trading on Wall Street started from 2.30 p.m. (Dutch time).

After President Biden has signed a massive bailout package, the distribution of checks to the American population has already started this weekend.

Focus op Fed

The US central bank’s (Fed) interest rate decision will be released later this week. The Fed will likely continue to insist on maintaining monetary stimulus for a long time to come to support the US economy.

NXP shoots up 9% The Dutch chipmaker benefits greatly from the upcoming promotion to the S & P500.

Electric automaker Tesla, which has shown an erratic picture in recent weeks, is heading 2% higher. CEO Elon Musk has been given the official title of ‘Technoking of Tesla’. Furthermore, financial director Zachary Kirkhorn has been appointed ‘King of Coin’.

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