SAN JUAN – U.S. and European stock markets began the week with a bang in stark contrast with last week’s market losses. Many investors optimistically began buying tech and industrial stocks, after a positive housing report and the hope that the number of coronavirus cases may slow down and the economy could recover quickly.
However, some states have halted reopening plans as they continue to register thousands of cases. The industrials sector led the broader market while the healthcare sector lagged.
Another item that helped the market rise was that the largest investment banks in the United States reported a record-setting $ 57 billion in fees during the first six months of 2020.
- The Dow Jones Industrial Average closed at 25,595.80, up 580.22 points, or 2.32%
- The Standard & Poor's 500 Index closed at 3,053.24, up 44.19 points, or 1.47%.
- The NASDAQ Composite Index closed, at 9,874.15, up 116.93 points, or 1.2%
- The Birling Capital Puerto Rico Stock Index closed at 1,384.23 down, 48.88 points, or 3.41%.
- The U.S. Treasury 10-year note closed at 0.64%.
- The U.S. Treasury 2-year note closed at 0.16%.