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Dow Jones is up 185 points, with strong optimism on Wall Street
US stocks opened the first day of the week on a positive note, opening a new page, after the heavy selling that had recently been exposed, especially in the technology sector. This encouraging start to the week comes with the support of the good news about the Corona drug, and the acquisition of a number of companies, but the state of anticipation for the Federal Reserve meeting may limit the gains.
At 9:35 am ET (1:35 pm GMT), the Dow Jones rose 185 points, or about 0.7%, while the S&P 500 advanced 1.0%. The largest gains were from Share of Nasdaq 100, which jumped 1.4%.
Some technical analysts believe that the price corrections witnessed by both the SNB and the Nasdaq have ended on Friday, taking the price behavior towards the 50-day moving averages into account, which left both indicators in a good position to rebound this week.
Market sentiment rose, after Pfizer CEO (NYSE: PFE) Albert Burla said over the weekend that the vaccine the company is developing, in cooperation with German company (NASDAQ: BNTX), may be available in the United States by the end of The current year. Burla told CBS there was a "good chance" that the company would be able to send critical third phase data from drug trials to the FDA by the end of October.
