NEW YORK (dpa-AFX) – The approaching extensive corona aid package for the US economy as well as calming on the bond markets ensured strong gains on the US stock exchanges on Monday. The world’s most famous index, Dow Jones Industrial (Dow Jones 30 Industrial), rose 1.96 percent to 31,539.54 points in early trading, making it back towards its record high. He had achieved this last Wednesday with a little over 32,000 points.
After the approval of the democratically dominated House of Representatives, US President Joe Biden called on the Senate to quickly pass the almost two trillion economic stimulus package he proposed against the Corona crisis. Biden’s Democrats and Republicans each have 50 seats in the Senate. Vice-President Kamala Harris – who is also President of the Chamber – can cast the casting vote in a stalemate.
The market-wide S&P 500 rose on Monday by 1.76 percent to 3878.32 points. The technology-heavy NASDAQ 100 advanced 1.52 percent to 13,106.00 points. In the US bond market, government bonds started with slight gains. The yield on trend-setting ten-year bonds fell slightly to 1.43 percent./ck/stw
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