Dow Jones opens 150 points higher on signals early recovery US

New York Stock exchanges begin trading on the first day of October with substantial profits according to the latest futures. Technology stocks took the lead, Boeing surprised on sales news while clothing retail chains performed remarkably well. At the bottom, oil companies are bundled.

The Dow Jones index rose 0.9%, the S&P 500 won 1% and the Nasdaq slowed down at 1.2% increase.

The number of US WW benefits claimed, which was slightly lower than expected at 837,000 and remained fairly stable for the fifth consecutive week, and renewed visibility of an incentive package from Washington made investors positive.

US Treasury Secretary Steven Mnuchin spoke to the Democratic President of the House of Representatives Nancy Pelosi on Wednesday about a comprehensive support package for the world‘s largest economy.

A downside between the figures was, on the one hand, the increase in consumer spending in August, but on the other hand, the decline in income of Americans, which accounts for over 70% of GDP.

After opening the scholarships, market researchers Markit and ISM came up with their figures on industry activity in September. With 53.2 index points, this lagged behind the 53.5 points of expectations.

Also, US figures of construction spending last month appear, an indicator.

The coronavirus remained strong. According to Reuters, the American Food and Drug Administration (FDA) expanded its research into a serious illness in a patient who participates in producer Astrazeneca’s coronavaccintest and looked at other patients.

US markets responded to European procurement manager figures, which were 53.7 points in line with expectations. Anything above 50 means growth. It is mainly driven by Germany.

Flight elevations were also manned. The effective remuneration for ten-year US debt increased by three basis points to 0.707%. Gold became almost 1% more expensive, silver 2.1% while American oil fell 1.7% in price.

Boeing positive

Microchip Technology recorded 5% profit at the top of the S&P500.

Aircraft manufacturer Boeing became worth 4.4% more after the aircraft manufacturer received preliminary approval from the head of the Federal Aviation Administration for the modifications to the modified aircraft 737 MAX. Some aircraft of the type crashed earlier.

Among other things, Boeing approached Delta Airlines to buy tens of 737 Max aircraft, according to Reuters. Delta Airlines won 1.6%.

Clothing and sports brands such as GAP (4%), Under Armour (+3.5%), LBrands (+3.5%) won ground.

Technology funds Apple, Microsoft and Tesla also made substantial profits.

Bed Bath & Beyond rose 25% after the company had published better than expected second-quarter figures.

Nikola, the manufacturer of battery trucks under fire from hedgefunds that detect malicious operations, increased a further 7%. GM would expand the existing equity interest.

At the bottom of the index oil companies. There energy company Valero recorded 5% losses, Haliburton, supplier to the oil sector, fell 4% and Marathon lost 3.5%. Baker Hughes stood at 2.1% loss.