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ROUNDUP / Aktien New York Conclusion: Trump recovery ensures a strong start to the week | message

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NEW YORK (dpa-AFX) – The US stock exchanges reacted on Monday to news about the recovery process of US President Donald Trump, who was ill with the coronavirus, with significant price increases. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) rose 1.68 percent to 28,148.64 points. The broad S&P 500 rose by a similarly strong 1.80 percent to 3408.60 points. Things looked even better for the technology-heavy NASDAQ 100, which gained 2.25 percent to 11,509.06 points.

Trump says he is leaving the hospital this Monday (local time), where he was being treated for a Covid 19 disease. He feels very good, he wrote on Twitter. With a return of the president to the White House, the chances of an agreement between Republicans and Democrats on another US stimulus package increased again, the market said.

The political uncertainty, which had caused heavy losses in large parts of the stock market on Friday, has now eased again noticeably. There was also positive news from the US economy on Monday: the mood in the service sector surprisingly improved in September.

There was plenty of movement in the pharmaceutical sector at the beginning of the week. Regeneron Pharmaceuticals grew by more than seven percent. In the fight against the virus, US President Donald Trump was treated with experimental antibodies from the biotech company. At the top of the Dow, the stocks of Amgen, a biotech group that recently entered the leading index, gained more than four percent.

Among the small caps on the Nasdaq, the shares of MyoKardia jumped nearly 58 percent to $ 220.34, while the shares of the pharmaceutical company Bristol-Myers Squibb (BMS) (Bristol-Myers Squibb) advanced 0.8 percent. BMS plans to buy the heart drug maker for $ 13 billion in cash or $ 225 per share.

Caterpillar shares rose 2.4 percent among the favorites in the Dow. The US construction machinery manufacturer is buying the oil and gas business of British pump manufacturer Weir Group for just over 400 million US dollars in cash. Caterpillar is taking advantage of its strong balance sheet to buy the division at a significantly lower valuation, the analysts at RBC wrote.

The euro cost $ 1.1785 after the US market closed. The European Central Bank (ECB) had set the reference rate at 1.1768 (Friday: 1.1730) dollars, the dollar cost 0.8498 (0.8525) euros. US Treasuries fell. The futures contract for ten-year Treasuries (T-Note-Future) lost 0.4 percent to 138.82 points. The ten-year bond yield was 0.773 percent./ajx/he

— By Achim Jüngling, dpa-AFX —



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