US stocks closed sharply higher on Monday, led by gains in US stocks. technological actions after last week’s market downturn, while mining stocks rose as the retail investor frenzy shifted to silver.
Investors were also on the lookout for talks on the latest aid package by the Covid-19 from the United States.
The ETF iShares Silver TrustThe largest silver-backed tradable fund, it soared as the precious metal surpassed $ 30 an ounce, for the first time since 2013, as retailers entered the metal after betting billions of dollars in stocks last week.
The miners Hecla Mining Co, Coeur Mining Inc Y Wheaton Precious Metals Corp went up. “The focus of retail traders seems to be on silver, a small piece of the market,” said Quincy Krosby, chief market strategist at Prudential Financial.
But even if the recent stock market frenzy has changed course, it probably hasn’t gone away, he said. “The fact is, this is a powerful move in the markets and it’s not going to fade just like that.”
The technology sector of S&P 500 gave the index its biggest boost. Microsoft Y Apple they were among the greatest positive influences.
Unofficially, the Dow Jones Industrial Average rose 229.92 points, or 0.77%, to 30,212.54 units and the S&P 500 he gained 60.19 points, or 1.62%, to 3,774.43 units. The Nasdaq it added 330.4 points, or 2.53%, to 13,401.64 units.
The president of United States, Joe Biden, was meeting Monday with 10 moderate Republican senators to discuss their proposal to cut their vast $ 1.9 trillion aid package Covid-19, as Democrats prepared to push legislation through Congress without opposition support.
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