Wall Street’s stock market indices rose slightly on Monday as the president Donald Trump Again, relief promised to the import duties they reported in early April.
The industrial index Dow Jones and the extensive S&P 500 stock index followed by large companies increased by 0.8 percent. The increase in technology -focused Nasdaq was 0.6 %.
After two stormy weeks, the market was reassured by the weekend’s relief from the import duties of smartphones, computers and electronic components. Relief was also promised on Monday for the automotive industry.
Still, there is enough uncertainty in the market, as on Sunday it was said to be temporary for electronics of customs relief.
Nevertheless the iPhone manufacturer Apple Share price increased by 2.2 percent and computer manufacturer Dellin 4.4 %.
The shares of all three large car manufacturers rose clearly. Ford rose 4.1 percent, General Motors 3.5 % and Stellantis 5.6 %.
Interviewed by news service by CNBC Argent Capital Managementin portfolio manager Jed Ellerbroekin According to the market, it is believed that administration is retreating from its most severe customs plans.
Known as a fear factor, the VIX index has dropped to about 25 points after visiting more than 50 points on Tuesday last week.
Market uncertainty is still reflected in, among other things, a decline in the US dollar. On Monday, one euro got $ 1.135. On the other hand, the interest rates on long government loans saw a little relief. The market interest rate on the US 10-year government loan decreased by less than 4.4 %.
The price of the oil picked up slightly. Brent quality oil is now at $ 65 for a barrel, which is clearly below $ 75’s barrel price, which was April 2, when Donald Trump told his trading partners.