The American tech exchange Nasdaq will go up 2.51% on Monday, with Amazon as the absolute star. The share of the American web store climbs more than 7.9% after investment bank Goldman Sachs raised the price target to $3,800.
The Dow Jones Industrial and the S&P 500 also went up 0.03 and 0.84% respectively. The latter index even returns to its early January level.
On the Nasdaq, all Big Tech shares went up again. Apple is 1.5% higher than at the start of the stock market session. Netflix, Alphabet and Microsoft also win more than a full percent. The increase follows the first weekly loss in three weeks, which had to be registered on Friday.
Pharma stocks Pfizer and BioNTech benefited from positive vaccine news, but investors are also awaiting news of additional US government stimulus.
At the end of this week, some 25 million Americans will lose $600 a week in unemployment support if no extension of stimulus is agreed at the end of the month. That would also put consumer spending under pressure again. The amount is not yet known, but estimates range from $1,000 to $1,500 billion.
Oil goes up by 0.27%. A barrel of WTI oil costs $40.70 Monday night. Gold adds 0.48%. An ounce now costs $1,818. The euro climbs 0.16% higher against the US dollar. Americans now have to pay $1.1444 for the single currency. Bitcoin goes up 0.03% and costs $9,221.