US stock exchanges: Wall Street also ahead of new records - Amazon breaches next trillion-dollar mark
The decline in oil prices is driving investors back into stocks and bonds. On Monday, the Dow Jones and S&P 500 leading indexes are just slightly below their record highs.
Investors in the US are once again reacting with relief to signals of an easing in the Iran war. Although Tehran has denied negotiations with the US, stock prices on Wall Street are approaching their records on Monday. US President Donald Trump had temporarily canceled a planned attack by the US military on targets in Iran. The Dow Jones of standard stocks gains one percent to 53,150 points.
The previous record is just under 53,300 points. The broader S&P 500 is trading 1.5 percent higher at up to 7604 points. Here, less than 19 points are missing for a new record. The tech index Nasdaq advances 1.9 percent, the concentrated Nasdaq 100 by 1.8 percent. For the tech-heavy indices, the record levels are still further away due to the recent weakness of the chip stocks.
Trump explained that he had postponed the "largest attack by the US military since World War II" to allow for new negotiations with Iran. The talks were to take place on Monday afternoon, Trump announced. Details remained unclear for the time being. However, Iran stated on Monday that no talks with the US were currently taking place and no meetings were planned.
Trump's words nevertheless caused energy commodity prices to fall. The price of European Brent oil for delivery in October fell by more than four percent. The WTI grade for delivery in October was trading four percent lower, for September even six percent.
Translated by urgent.news from Handelsblatt's report; automated translation may contain errors. Machine-written — it may contain errors, so check the original before relying on it.
