(Reuters) – The New York Stock Exchange opened up sharply on Monday after the trade agreement between China and the United States aroused a wave of optimism and appetite for the risk in global markets.
In the first exchanges, the Dow Jones index earns 649.7 points, or 1.57%, at 41,899.05 points, and the Standard & Poor’s 500, wider, increased from 2.6% to 5,807.2 points.
The Nasdaq Composite takes 4.16%, or 745.6 points, at 18,674,555 points.
After a meeting in Geneva, China and the United States jointly declared that Washington was going to lower its “reciprocal” customs duties to 30% against 145% and Beijing to 10% against 125%, for a period of 90 days.
This announcement had an instantaneous effect on the markets: the VIX volatility index, which had touched a higher after the announcement of customs duties at the beginning of April, has returned below the 20 mark for the first time since the end of March.
Among the most notable earnings following the Sino-American announcement, the “seven magnificent” all advance at the start of the session. Amazon takes 6.8%, while Tesla, Alphabet, Meta, Nvidia and Apple earn between 3.2%and 5.2%.
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(Written by Pauline Foret)
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