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Friday, December 8, 2023

American stocks strengthened, especially technology companies

US stocks started the week higher, led by technology companies. The Dow Jones index, which includes shares of thirty leading American companies, gained 0.58 percent on Monday and ended trading at 35,151.04 points. The broader S&P 500 index rose by 0.74 percent to 4,547.38 points and the Nasdaq Composite index, which includes many companies from the advanced technology sector, rose even by 1.13 percent to 14,284.53 points.

Demand for stocks was fueled by a decline in US government bond yields. “The stock market likes developments in the bond market. He likes what he sees in corporate earnings reports,” said analyst Bruce Zaro of Granite Wealth Management.

In addition, the American software giant Microsoft benefited from the news that the former head of OpenAI Sam Altman will start working for it. Microsoft shares gained more than two percent on Monday and their price climbed to a new record high during trading. Shares of other technology companies, such as Apple and Nvidia, also joined the growth, Reuters.ň agency wrote

Don’t overlook

Media: Most OpenAI employees threaten to leave, demand the resignation of the board of directors

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