new York Fading interest rate concerns and the opening of the Chinese border to travelers are prompting investors to turn to US stocks. Bets on more moderate interest rate hikes by the US Federal Reserve following the latest signs of a slowdown in the labor market drove demand for technology and growth stocks in particular.
The index of the Nasdaq technology exchange climbed around two percent to 10,790 points at the start of the week. The Dow Jones index of standard values rose by half a percent to 33,802 points. The broader S&P 500 rose a good one percent to 3937 points.
Concerns about the economy and interest rates were allayed primarily by the latest US job market report.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue