Wall Street Starts with Trading Profits this Monday

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The stock exchanges in New York started on Monday with a profit on the new trading week. Investors on Wall Street still appeared to be well-off after Friday’s better than expected US job report. Concerns about global trade tensions continued to fade into the background.

 

The Dow-Jones index won 0.8 percent in the opening minutes at 24,823 points. The broader composite S & P 500 rose 0.4 percent to 2746 points. Technologiegraadmeter Nasdaq gained 0.3 percent to 7580 points.

At the trade front, the French finance minister Bruno Le Maire said that the United States still has a few days to prevent a trade war with their allies. He said that after a meeting of ministers from the seven largest industrialised countries, the G7, in Canada. The coming weekend there will be a summit of the government leaders of the G7. Last week, President Donald Trump introduced import duties on steel and aluminium from the European Union, Canada and Mexico.

At the companies, Microsoft won 0.7 percent. The company acquires GitHub for about 7.5 billion dollars in shares. The software code site was valued at $ 2 billion in 2015 during an investment round, but is making a loss and has been looking for a new CEO for nine months.

Facebook (minus 0.7 percent) was again negative in the news because of its privacy policy. The tech company has given dozens of mobile phone makers access to data from users of the social network and their friends, writes The New York Times. Facebook may have violated US law.

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