Wall Street gains as Trump to leave hospital, investors hope for stimulus
U.S. stocks rose sharply on Monday, recovering from declines in the previous session, as investors viewed more fiscal stimulus as likely and after news President Donald Trump will leave the hospital where he is being treated for COVID-19.
The Dow Jones Industrial Average .DJI rose 465.83 points, or 1.68%, to 28,148.64, the S&P 500 .SPX gained 60.16 points, or 1.80%, to 3,408.6 and the Nasdaq Composite .IXIC added 257.47 points, or 2.32%, to 11,332.49.
“The stimulus deal is still sitting there, and there’s still communication going on ... It looks increasingly like something’s going to get done,” said Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis.
European markets close higher as investors track Trump’s health; Cineworld plunges 36%
European stocks closed higher Monday as global markets were calmed by reports of President Donald Trump’s health as he’s treated for Covid-19.
The pan-European Stoxx 600 closed 0.9% higher provisionally, with telecoms stocks climbing 2.3% to lead gains as all sectors except utilities traded in positive territory.
Reference: CNBC, Reuters
Thai
Eng