Frankfurt The US stock markets turned their initially significant price losses into gains during trading on Monday. Traders justified the rebound with growing optimism that some of the big US tech companies’ upcoming quarterly earnings releases this week will be good. Interest rate and economic fears still dominated early trading. The news that Twitter had given up resistance to a takeover by tech billionaire Elon Musk caused a stir in late business.
The leading index, the Dow Jones Industrial, temporarily lost more than 3.5 percent in the first half of trading before it struggled vigorously and turned positive. Ultimately, the leading US index gained 0.70 percent to 34,049 points. The market-wide S&P 500 closed up 0.57 percent at 4296 points. The tech-heavy Nasdaq 100 rose 1.32 percent to 13,533 points.
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