European stock markets also rebounded, with market participants awaiting a decision by the European Central Bank (ECB) on interest rates and the UK government budget.
The Wall Street indices Dow Jones Industrial Average and Standard & Poor’s 500 rose to new highs.
The Standard & Poor’s 500 Index has risen over the past three weeks as unexpectedly good corporate earnings have boosted investor confidence in the economic recovery. Apple, Amazon and other companies are expected to release earnings this week.
Although profit reports have confirmed concerns about higher costs, business administrators have been encouragingly strong consumer demand, which allows many companies to raise prices.
Analysts also noted the conviction of Nancy Pelosi, Speaker of the US House of Representatives, that Democrat congressmen are close to reaching an agreement on the social spending package.
Tesla’s share price rose 12.7% after the announcement that the autonomous company Hertz had ordered 100,000 electric cars from Tesla.
Tesla became the latest high-tech company worth more than $ 1 trillion. Apple, Amazon and Microsoft have already surpassed this mark in the past.
The euro depreciated after the German Ifo Institute’s business confidence index fell to 97.7 points in October this year, from 98.9 points in September, the lowest level since April, and the index has fallen for the fourth month in a row.
The Dow Jones Industrial Average rose 0.2% to 35,741.15 points on Monday, the Standard & Poor’s 500 index rose 0.5% to 4,566.48 points, and the Nasdaq Composite index rose 0.9% to 15,226.71 points.
The London Stock Exchange index FTSE 100 rose 0.3% to 7222.82 points on Monday, the Frankfurt stock exchange index DAX 30 rose 0.4% to 15,599.23 points, while the Paris stock exchange index CAC 40 fell 0.3% to 6712 .87 points.
In the e-commerce of the New York Stock Exchange, the price of WTI crude oil remained unchanged on Monday at USD 83.76 per barrel. The price of Brent crude rose 0.5% to $ 85.99 a barrel on the London Stock Exchange.
The euro fell against the US dollar from 1.1643 to 1.1614 dollars per euro on Monday, the British pound against the US dollar rose from 1.3755 to 1.3767 dollars per pound, and the US dollar against the Japanese yen rose from 113.50 to 113.71 yen per dollar. The euro fell against the pound sterling from 84.65 to 84.33 pence per euro.
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