US Indices Started The Week With An Increase

US indices started the day with a rise. The alleviation of concerns about bond yields had a positive effect on indices.

Indices in the US started the new week with an increase due to the decrease in bond yields and the easing of concerns about inflationary pressures. At the beginning of the day, the Dow Jones index gained over 400 points and was traded at 31,346.65 points, increasing by 1.34 percent. The S&P 500 index was traded at 3,866.30 points with 1.45 percent appreciation, while the Nasdaq index started trading at 13,415.24 points with 1.69 percent gain in value. US 10-year bond yields, which rose above 1.6 percent last week, fell to 1.4 percent in the new week. In addition, developments regarding the coronavirus (Covid-19) vaccine have also created a positive atmosphere in the markets. The US Food and Drug Administration (FDA) approved the emergency use of the vaccine developed by Johnson&Johnson company against coronavirus. Thus, the vaccine became the third vaccine approved for emergency use in the country. In addition, the $ 1.9 trillion economic support package offered by US President Joe Biden against the effects of the coronavirus epidemic managed to get approval from the House of Representatives. While the said economic support package was sent to the Senate's desk, cash aid checks of $ 1,400 per person were also included in the package, which includes the increase of the minimum hourly wage to $ 15.