The Stock Markets in New York Opened on Monday With Significant Pluses

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The stock markets in New York opened on Monday with significant pluses, helped by the substantial price gains on the Chinese stock markets.

 

Optimism there was fueled by hopes of a strong recovery in the Chinese economy. Investors on Wall Street are returning from a long weekend.

Due to Independence Day, the US stock markets remained closed on Friday.

Shortly after the start, the Dow-Jones index rose 1.4 percent to 26,189 points. The broad-based S&P 500 also rose 1.4 percent, to 3,172 points, and the Nasdaq technology exchange gained 1.5 percent to 10,362 points.

The steady advance in China earlier today came against the backdrop of a record increase in the global corona cases.

The World Health Organization (WHO) reported a total of over 200,000 new cases in a day last Saturday. The most substantial increases were seen in the United States, Brazil and India.

Automaker Tesla was once again in the spotlight with a plus of 5.8 percent. In recent sessions, the share was on the rise, helped by better than expected sales figures. This was the reason for JPMorgan connoisseurs to increase the price target for the company.

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