Key indexes exceeded historical maximums again on Monday. The main driver for investors was hopes for approval of a new stimulus package in the near future.
As at 7:45 p.m. (MSK), S&P500 and Dow Jones kept the pace, each gaining about 0.4%. Nasdaq technology index increased by 0.6%.
American stock markets opened on Monday with a fairly good growth
S&P500 index and NASDAQ technology index reached new historical highs. Later, quite logically, the indexes somewhat dropped, and then were moving in different directions.
The key American stock indexes were growing on Friday except for Nasdaq hovering around zero
However, banks (Federal Reserve released results of stress tests) and real economy (approval of Biden’s infrastructure plan) were in focus rather than technologies.
American stock markets were recovering from the last week’s losses
Continuing verbal interventions by policymakers and major investors had calmed the market down regarding prospects of stimulus wrapping up by Federal Reserve. For how long?