Dow peaks just below milestone of 35,000; also records Nasdaq and S&P | Financial

The leading Dow Jones index ends 0.4% higher on a closing peak of 34,996 points. After breaking the magic line intraday in May, the Dow was just unable to break this milestone with the energetic course of business in recent trading days. The Dow has been catching up vigorously for some time, helped by strong confidence in the forthcoming flow of results from US companies that are expected to do good business with the removal of the corona restrictions.

Several major US banks are coming with figures this week. New data on inflation are also coming out.

Other US stock markets also continued their upward trend. The broad S&P 500 is up 0.4% to a record 4384.7 points. Techbeurs Nasdaq advances 0.2%. That brought that indicator to the highest closing level ever at 14,733.2 points.

Taxi app Did iGlobal lost another 7.1%. The company reported that a total of 25 of its apps, including those used by the company’s customers and taxi drivers for their rides, have been removed from various app stores. Didi had to do this after criticism from Chinese regulators that the company was collecting data illegally. Didi said he expected the move to hurt his sales in China, the company’s main market.

Virgin Galactic is one of the eye-catchers on Wall Street on Monday. A day after founder Richard Branson took a test flight of his space company’s rocket, the company announced its intention to issue new shares for $500 million. The share then fell hard with a bloodletting of 17.5%.

Tesla is one of the winners. The manufacturer of electric cars adds 4%. CEO Elon Musk must defend himself in court over the purchase of SolarCity.

Chip company Broadcom, in turn, was up more than 1%. According to media reports, the company would negotiate a takeover of software company SAS, which would be valued at 15 billion to 20 billion dollars.

Citigroup also gets more than 1%. The bank has announced its withdrawal from Venezuela.

Oil prices fell again after rising sharply last week. A barrel of American oil was 1.3 percent cheaper at $ 73.65. Brent oil lost 1.2 percent in value and was worth $74.66 a barrel. The euro was worth $1.1863. That was $1.1862 before the weekend.

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