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NEW YORK (dpa-AFX) – On Wall Street, investors can hope for price gains on Monday. Similar to Asian and European equity markets, the calm in the bond markets and progress towards a trillion dollar US stimulus program eased the situation.
The broker IG valued the Dow Jones Industrial (Dow Jones 30 Industrial) just under an hour before the start of trading a good one percent higher at 31,254 points. For the past week, the best-known American benchmark index showed a minus of 1.8 percent on Friday, while the monthly balance for February was clearly positive with an increase of more than three percent.
After the approval of the democratically dominated House of Representatives, US President Joe Biden called on the Senate to quickly pass the stimulus package he proposed against the Corona crisis. Biden’s Democrats and Republicans each have 50 seats in the Senate, while Vice-President Kamala Harris – who is also President of the Chamber – can cast the casting vote in the event of a stalemate.
At the pharmaceutical company Johnson & Johnson (JohnsonJohnson), investors could look forward to an anticipatory price increase of almost two percent. The U.S. FDA granted emergency approval for the company’s corona vaccine.
The shares of the oil companies Chevron and Exxon Mobil rose by two and 3.7 percent, respectively, thanks to rising prices for this important commodity.
United Airlines shares even increased by more than four percent. They not only benefited from positive industry sentiment. Apparently, the market also welcomed the airline’s settlement of fraud allegations in exchange for paying nearly $ 50 million ./gl/mis
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