The spectacular Rally on Wall Street is not also demolished at the beginning of the new trading week.
The Dow Jones Industrial rose by 1.70 per cent to 27.572,44 points. This was the highest level since the end of February. The prices increased on a broad Front, the biggest winners were the papers from the energy sector and the utilities.
In the past week, the world’s most famous stock exchange soared barometer to a total of just under 7 percent, and had provided investors with a strong June-kick-off.
The number of new infections with the Coronavirus develop behavior, reasoned Analyst Chris Hussey of Goldman Sachs profits in the continuing course. At the same time there is for the company’s large monetary and fiscal stimulus. The economy is likely to be located, therefore “on a good path of recovery”.
For the S&P 500, it went up by 1.20 per cent to 3232,39 counter more. Thus, the market recorded width of the Index since the beginning of the year in the Plus. The technology-heavy Nasdaq 100 rose by 0.79 per cent to 9901,52 counter and put on the record high from Friday, another.
With a large gap at the top of the Dow, Boeing shares were up more than 12 percent. Goldman Sachs raised the price target from 209 to 238 US dollars, and the classification of “Buy” reiterated. The investment Bank pointed out that the production of the 737 Max will run again, and Boeing is a long-term position on the market. The stock has already get more than half of the losses from the Phase of the Corona Crash again.
Shares of the airlines were asked at the start of the week again. American Airlines, rose 9.3 per cent and United Airlines, even to 14.8 percent. The Bank UBS, pointed to a strong increase in air traffic in China, Asia-Pacific and Europe.
Following the agreement of Opec and its partner countries on an extension of the conveyor tapering shares from the energy sector were in demand. ExxonMobil rose by 3.1 percent and Chevron by 2.4 percent. Occidental Petroleum rose sharply, even up 17.4 percent.
In the second series of the shares of the flavors and fragrance manufacturer IFF 1.7 per cent lost. The competitor to the German Symrise reported a drop in profits in the first eight weeks of the current fiscal quarter.
Shares of Car rental company Hertz fired at high trading volume of more than 115 percent. Alone since Wednesday has increased sevenfold in the course. The company had recently made application for creditor protection. Price driving news there was on Monday.
The Euro entered the week on the spot and was last traded at just under USD 1.13. The European Central Bank (ECB) had the reference rate previously to 1,1285 (Friday: 1,1330) US dollars, and the Dollar had cost so 0,8861 (0,8826) Euro. The US bond market direction increased at the end of ten-year government bonds to 7/32 points to 97 21/32 points. She brought a return of 0.87 percent.