Speculations about a default at the US hedge fund Archegos Capital only briefly depressed sentiment on the US stock exchanges on Monday. Bank shares were mostly weaker even at close of trading, but overall, investors’ mood brightened noticeably. The recently adopted corona aid package of around two trillion US dollars and the considerable progress made in vaccination continue to have a supportive effect. As US President Joe Biden said, 90 percent of adults in the US should be eligible for the vaccination by April 19.
The leading index Dow Jones Industrial ultimately increased by 0.30 percent to 33 171.37 points. The market-wide S&P 500
was quite stable with minus 0.09 percent to 3971.09 points and the technology-heavy Nasdaq 100
fell by 0.10 percent to 12965.74 points.
According to the Bloomberg news agency, Archegos had to sell more than $ 20 billion worth of shares on Friday because of margin calls. The Wall Street Journal even reported sales valued at $ 30 billion./ck/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0336 2021-03-29/22:27
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