The Dow rose 303.01 points, or 0.88%, to 34,883.09 points; the Nasdaq rose 39.64 points, or 0.26%, to 15,125.11 points; the S&P 500 index rose 28.55 points, or 0.63%, to 4,566.98 points.Stocks related to the reopening of the economy, such as energy, industrial and aviation travel, performed well. Boeing, Chevron, American Airlines, Carnival and Wynn Resorts all rose. Investors continue to sell relatively high-value technology stocks such as Nvidia. Last week, these stocks dragged down the major stock indexes.
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Yields on 10-year U.S. Treasury bonds rebounded, reversing last week’s decline.
The market is still paying attention to the major changes that are taking place in the Fed’s policy stance. Several Fed officials have spoken in support of a faster end to the easing policy implemented during the epidemic.
Bitcoin fell sharply over the weekend, indicating a decline in market risk appetite and hitting related technology stocks.
Fauci said initial signs indicate Omi Keron virus is not serious
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said on Monday that the early signs of the Ome Keron mutant virus were “encouraging.”
Dr. Fauci said that although it is too early to draw any conclusions and more research is still needed, preliminary reports indicate that compared with the delta mutant virus that now dominates the United States, Omi Keron The symptoms of infection caused by the virus are relatively mild.
He said: “So far, it does not seem to be of great severity.” But he added: “Before we are sure that it is less severe than the delta mutant virus, or does not cause any serious disease. , We really have to be cautious.”
Prior to this, Dr. Rochelle Walensky, director of the US Centers for Disease Control and Prevention, said on Sunday that cases of Ome Keron mutant virus infection have been detected in at least 15 states in the United States.
She said: “We know that there are dozens of confirmed cases and we are paying close attention to it. We hear more and more suspected cases every day, so this number may continue to rise.”
JPMorgan Chase analysts said that if it turns out that the Ome Keron mutant virus causes a relatively high mortality rate and the current vaccine is not effective, the mutant virus will only delay the stock market rise, rather than end the rise.
Morgan Stanley strategists said that they are not too worried that the Ome Keron mutation virus will become a major risk factor for the stock market, but believe that U.S. stocks will see upward resistance after Fed Chairman Powell suggests that it may accelerate the reduction of asset purchases.