NEW YORK (dpa-AFX) – The latest uncertainty due to the competition between private speculators and hedge funds was not felt on the New York stock market on Monday. After the heavy losses in the previous week, the US stock exchanges recovered quickly on Monday. The profit for the technology-heavy Nasdaq 100 was particularly clear, with a plus of 2.50 percent to 13,248.90 points. The leading index Dow Jones Industrial gained 0.76 percent to 30 211.91 points. For the market-wide S&P 500 it went up 1.61 percent to 3773.86 points.
At the end of last week, the struggle between hobby speculators organized on the Internet and professional hedge funds, which were betting on falling prices, had put a noticeable strain on the stock market. On Monday, some experts and financial market strategists reacted quite calmly to this, although the silver market became the new object of speculation./ajx/fba
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