New York Stocks End: Takeovers get the week off to a strong start

NEW YORK (dpa-AFX) – The US leading index Dow Jones Industrial has increased significantly after two consecutive weeks of losses. Mergers and acquisitions heated sentiment on Wall Street on Monday. In addition, hopes that a corona vaccine would soon be available raised the mood. Against this backdrop, investors turned to the cyclically sensitive technology stocks, which had come under heavy pressure at the beginning of the month after their latest record rally.

The Dow climbed 1.18 percent to 27,993.33 points. The market-wide S&P 500 rose 1.27 percent to 3383.54 points. The technology-heavy Nasdaq 100 went up 1.72 percent to 11 277.76 points./la/fba

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