Economy

Excited Dow just misses the record; Nasdaq drops sharply | Financial

The leading Dow Jones ends 1.2% higher at 31859 ​​points after rising to a record above 32,000 points in the meantime. The broad S & P500 loses 0.4% at 3,827 points. The Nasdaq is heading 2.4% lower to 12,609 points Last Friday, there was another bright picture, aided by a strong, better-than-expected US jobs report.

Last weekend, the Senate gave the green light to President Biden’s extensive support package. A sum of $ 1,900 billion will enter the US economy, including a proposed check for $ 1,400 for all Americans. This further fueled inflation fears among investors. 10-year bond yield in the US increased further to 1.6%

Oil price on the rise

The oil price in the US (WTI) is taking a firm step after the advance, hitting the highest level in two years at a level of above $ 65 a barrel.

Tech funds show a bleak picture. Apple has to give up 4.2%. Tesla sees 5.8% of the price evaporate.

Banks open higher with the support of rising US bond yields. Bank of America will gain 2%

General Electric (GE) is moving forward 4.9%. The industrial conglomerate is close to a deal to sell its aircraft lease business.

Walt Disney was also in demand with a plus of 4.5% after the news that recreational parks may reopen their doors from April 1.

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