NEW YORK (dpa-AFX) – The falling yields on the US bond market and positive Corona news gave the New York stock exchanges a boost on Monday. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) quickly shook off its moderate initial losses and worked its way up. In the end, it claimed a plus of 0.32 percent to 32,731.20 points, with which it stabilized somewhat after two days of losses. Before that, the stock market barometer had broken the 33,000 point mark for the first time in its long history.
For the market-wide S&P 500, it ultimately rose 0.70 percent to 3940.59 points at the beginning of the week. The NASDAQ 100 even rose by 1.71 percent to 13,086.51 points and thus somewhat shortened its gap to the other two indices. While these have gained just under seven and five percent respectively since the beginning of the year, the technology-heavy selection index is just around one and a half percent.
The number of new corona infections in the United States continues to decline. Since US President Joe Biden took office almost two months ago, more than 100 million vaccine doses against the coronavirus have now been administered. So the vaccinations went much faster than expected, because Biden had specified the first 100 days of his term of office and thus the end of April as the period for this amount.
At the beginning of the week, there was only price moving company news from the second row. The fact that Jetblue (JetBlue Airways) wants to issue a convertible bond pushed the shares of the low-cost airline down by around eight and a half percent.
In contrast, the shares of Kansas City Southern jumped a good eleven percent, while Canadian Pacific Railway fell 5.4 percent. The Canadian railroad company plans to take over Kansas City Southern for $ 25 billion in shares and cash. The aim is to create the first rail network from a single source that connects Canada, the USA and Mexico.
At T-Mobile US (T-Mobile (ex T-Mobile US)), shareholders were able to look forward to a price increase of around one and a half percent. The US mobile communications subsidiary of Deutsche Telekom is a member of the S&P 100 index (S&P 100) from this Monday.
In the case of the recently ailing papers of the electric car manufacturer Tesla, there was a significant price recovery of 2.3 percent to 670 US dollars. They benefited from statements by the well-known fund manager Cathie Wood, who believes the stock will rise to $ 3,000 by 2025.
The euro ended its most recent weak phase with moderate gains and cost 1.1937 dollars in New York. The European Central Bank (ECB) had set the reference rate at 1.1926 (Friday: 1.1891) dollars and the dollar cost 0.8385 (0.8410) euros. US government bonds rose again after the recent losses: The futures contract for ten-year Treasuries (T-Note Future) rose by 0.24 percent to 131.54 points. In return, their return fell to 1.69 percent./gl/he
— By Gerold Löhle, dpa-AFX —
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