Menu

Dow Jones Edges Higher as U.S. Stocks Recover

Plus500 | Tuesday 22 June 2021

U.S. stocks recovered on Monday following concerns surrounding the Fed’s possible interest rates’ rise due to economic recovery. This pushed the Dow Jones (USA 30-Wall Street) to its highest one-day rise since May.

dow jones

Stocks Rise Despite Interest Rate Concerns 

Investors may have been worried that the Fed would seek to increase interest rates because of the recent economic recovery, but officials have recently signaled that such measures will be pushed off. 

Following the previous four-week slump in some stock prices, the recovery was spread broadly across all sectors, with bank and energy sector shares leading the rise. ConocoPhillips (COP) jumped over 5% on Monday to close at $60.66, and Morgan Stanley (MS) stabilised at $86.25 following last Friday’s drop of over 4.3%.

These and other price jumps may have pushed the Dow Jones (YM) up by 1.7% by the end of the trading day on Monday. The gains have not been limited to the Dow; the Nasdaq 100 (NQ) rose almost 0.7% on Monday over last Friday’s closing price. Likewise, the S&P 500 (ES) climbed over 1.4% compared to last week’s closing.

Stock Price Recovery Spreads

Stock price jumps have also made their mark on other indices across the globe; London’s FTSE 100 (UK100) climbed almost 0.7% on Monday, while the Japanese Nikkei 225 (NIY) rose over 1.6% from the opening of trading on Monday to the opening on Tuesday.

Global indices weren’t the only market rise on Monday; the currency pairs EUR/USD and GBP/USD also opened this trading week with a slight bump. The former closed the trading day with an increase of over 0.5%, while the latter jumped 0.8% over the course of the trading day on Monday. This could possibly be due to the Federal Reserve’s cooling of fears surrounding interest rates.

Will indices continue rising or will investors’ concerns return to the fore?


Get more from Plus500

Expand Your Knowledge

Videos & Articles help you expand your trading knowledge.

Prepare Your Trades

Our Economic calendar helps you explore global market events.

Trade Without Surprises

Understand the full costs of your trades now for better expense management later.


This information is written by Plus500 Ltd. The information is provided for general purposes only, and does not take into account any personal circumstances or objectives. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. No representation or warranty is given as to the accuracy or completeness of this information. It does not constitute financial, investment or other advice on which you can rely. Any references to past performance, historical returns, future projections, and statistical forecasts are no guarantee of future returns or future performance. Plus500 will not be held responsible for any use that may be made of this information and for any consequences that may result from such use. Hence, any person acting based on this information does so at their own discretion. The information has not been prepared in accordance with legal requirements designed to promote the independence of investment research.

Need Help?
24/7 Support