NEW YORK (dpa-AFX) – The recovery rally on the US stock market continued on Monday. However, the standard value indices only turned positive shortly before the end of trading, while the Nasdaq indices, which are predominantly stocked with technology stocks, have been increasing since the start of trading. The Dow Jones Industrial (Dow Jones 30 Industrial) rose to just under 35,000 points, back to where it was in mid-February.
Investors are weighing the economic risks posed by inflation and tightening monetary policy against the prospects of continued economic growth, the market said. The war in Ukraine also remains in focus. In Istanbul, representatives of Russia and Ukraine want to talk again about a ceasefire on Tuesday. At the same time, Ukrainian President Volodymyr Zelenskyy wants to “thoroughly” examine Ukraine’s neutrality, which Russia has demanded.
The best-known Wall Street index, the Dow, only turned positive in the last 30 minutes and made a significant jump at the close of the market. It finally closed with an increase of 0.27 percent to 34,955.89 points, just below the daily high reached just before. The course of the market-wide S&P 500, which had previously fluctuated between minimal gains and losses, was similar. He ended trading at the daily high with plus 0.71 percent to 4575.52 points. The tech-heavy NASDAQ 100 extended gains to close 1.58 percent higher at 14,987.40 points./ck/he
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