US, WASHINGTON (ORDO NEWS) — The New York Stock Exchange opened higher Friday but below the levels promised at the start of the day by futures contracts, a cautious rebound favored by the multiple monetary and budgetary support measures announced in recent days.
A few minutes after the start of trading, the Dow Jones index gained 263.96 points, or 1.31%, to 20,351.15 and the Standard & Poor’s 500, wider, rose 1.1% to 2,435.94.
The Nasdaq Composite gained 1.59% to 7.264.55 points at the opening.
This increase, however, only limits the heavy losses suffered this week, of the order of 10% for the moment for the S & P-500 after -8.8% last week.
China is preparing, sources say, to unveil a 1,000 billion yuan (131.4 billion euros) economic support plan, and Germany plans to set up a 500 billion business support fund billion euros according to the weekly Der Spiegel.
In the United States, the White House and Congress continue to discuss stimulus packages that could reach $ 1 trillion in total and include direct checks to taxpayers.
Among the values directly concerned by the project, the airlines, which could benefit from massive aid, are up sharply United Airlines takes 11.61%, American Airlines 6.41% and Delta Air Lines 9.44%.
Boeing (NYSE: BA ), which has seen its market value drop by around 70% since the start of the year, gained 4.17%.
The session will be marked among others by the “four witches”, the simultaneous expiration of options and futures on stocks and indices.
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