The Stock Exchanges in New York Started Trading on Monday With Gains

The stock exchanges in New York started trading on Monday with gains.

 

Traders on Wall Street are still upbeat about the better-than-expected job report released by the US government on Friday.

Furthermore, the interest rate decision of the US Federal Reserve on Wednesday is mainly looked forward to.

The Dow-Jones index rose 0.8 percent in the first minutes to 27,325 points. The broad-based S&P 500 gained 0.4 percent at 3206 points, and tech exchange Nasdaq rose 0.1 percent to 9822 points.

The US central bank umbrella will begin its two-day meeting on Tuesday. Interest rates are expected to remain unchanged, but Fed Chairman Jerome Powell may announce more support measures against the crisis.

Investors will also pay attention to any comments regarding the impact of the virus outbreak on the largest economy in the world.

Aviation companies such as United Airlines, Delta Air Lines and American Airlines gained up to 6.4 percent.

The oil sector can also attract interest as oil cartel OPEC and allies such as Russia agreed to extend the restriction on oil production until the end of July last weekend.

Oil producers such as ExxonMobil and Chevron rose to 3.2 percent. Oil service providers such as Schlumberger, Halliburton and Baker Hughes reported pluses of 6.3 percent.