Rise in aircraft shares after strong travel figures

It ended with a broad rise on the New York Stock Exchange on Monday, when all of the three leading indices ended in green. The aircraft shares in particular excelled, after the aircraft activity this weekend excelled. Both the Dow Jones and S&P 500 hit highs at closing time.

The Dow Jones was up 0.53 percent to 32,952.28 points.

The S&P 500 rose 0.64 percent to 3,968.77 points.

Technology-heavy Nasdaq Composite climbed 1.05 percent to 13,459.71 point.

Flight optimism

Figures from the US government showed that more than 1.34 million Americans traveled by plane on Sunday. This was 86,000 more than the same day a year ago, ie right after the World Health Organization declared the pandemic. It writes CNBC.

Despite the fact that activity is significantly below 2019 levels, the figures are undoubtedly a sign of improvement for US aviation.

The positive numbers sent a number of American airlines up on Monday. United Airlines shares closed up 8.3 percent, followed by American Airlines and Delta Air Lines which ended up 7.7 percent and 2.3 percent, respectively.

Stimulus and interest rate meeting

As part of last week’s $ 1.9 trillion stimulus package announcement, Americans have begun making direct payments of $ 1,400. The payment is expected to contribute to further activity in an already improved economy.

The increased activity is being closely monitored by the US Federal Reserve, which will announce its interest rate decision on Wednesday. Despite the fact that no imminent changes in the interest rate level are expected, there is tension over whether the central bank will change its interest rate forecasts.

Fear, gold, oil and interest

The VIX index, popularly called the fear index, fell 3.4 percent to 19.99.

The gold price rose 0.6 percent and an ounce went at closing time for 1,729.60 dollars.

North Sea oil fell 0.5 percent to $ 68.85 per barrel. fat.

The 10-year interest rate fell 2.2 basis points to 1.607 percent.

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