US Stocks Await Congressional Elections (Getty)
At the end of one of the more boring trading sessions, stock prices skyrocketedfor US equities In the final few minutes of trading on the first day of the week, the Dow Jones Industrial Average ended the day up more than four hundred points after spending most of its time in the red zone.
The most famous American index rose 423 points, or 1.31% of its value, and the S&P 500 index gained almost one percent, while the Nasdaq index ended the day higher than the 0.85%.
And stock market operations beginlink Official elections will be held on Tuesday, after the actual voting begins in the east coast states of the country, in an election that will determine which of the two parties will have control of CongressUntil the next presidential elections.
Currently, the Democratic Party maintains a (very) simple majority in both chambers.
With mixed news from China about easing restrictions imposed to curb the spread of the Covid-19 outbreak in the country again, oil prices fell on Monday, cutting its gains after climbing to their highest level in two months.
Brent crude oil futures fell 65 cents to $ 97.92 a barrel, after peaking early in the day, reaching $ 99.56 a barrel, the highest level since August 31st.
US West Texas crude fell 82 cents to $ 91.79 a barrel, even after peaking during the session at $ 93.74 a barrel, the highest level since August 30.
In turn, gold prices fell on Monday, with some investors reaping profits, after a sharp rise in the closing sessions of last week, as investors’ eyes eagerly await inflation data due to be released on Thursday. next. But the decline was limited to less than a quarter of a percentage point, to register the price in spot trading, $ 1677 an ounce.
Gold is a means of hedging against inflation, but high interest rates negatively affect the attractiveness of unprofitable assets.
