Frankfurt In the US, after initial disappointment with economic data from China, confidence gained the upper hand and further drove share prices higher. The Dow Jones index of standard values was up 0.4 percent on Monday at 33,904 points, and the broader S&P 500 gained 0.7 percent to 4,297 points. The index of the technology exchange Nasdaq rose by 0.6 percent to 13,124 points.
Bad news is shrugged off, said Michael James of Wedbush Securities. Portfolio manager at Kingsview Investment Management, Paul Nolte, attributed the positive development to monetary policy expectations. Market participants expected that the Fed would not raise interest rates as much as feared. And from their point of view, that will be good for the stock market.
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