The Dow Jones rose 1.58%, the Nasdaq advanced 1.26% and the broader S&P 500 index rose 1.43%.
The New York Stock Exchange ended sharply higher on Monday, driven by opportunity buying ahead of a crucial inflation gauge and several central bank rate decisions.
The Dow Jones gained 1.58%, the Nasdaq index gained 1.26% and the broader S&P 500 index rose 1.43%.
The session had started on cheap purchases, which had benefited in particular Apple (+ 1.64% to 144.49 dollars), following eight sessions of decline in ten trading days for the S&P 500.
The mood also benefited from the announcement of the takeover of the Horizon Therapeutics laboratory (+15.49% to 112.36 dollars) by the American biotech Amgen (-0.67% to 276.78 dollars), a member of the Dow Jones, for $116.50 per share and a total of approximately $27.8 billion.
The proposed price incorporates a premium of nearly 20% over Friday’s closing price.
At the end of a catastrophic year for mergers and acquisitions, the operation restored some momentum to the market.
Along the way, the S&P 500 crossed, on the rise, a technical threshold, which gave momentum to the current movement during the session, according to analysts at Briefing.com.
“I think people were afraid of missing the boat if Tuesday turns out to be a good surprise,” said Andy Kapyrin of Regent Atlantic.
The New York place was thus already turned towards the publication, Tuesday at 1:30 p.m. GMT, of the American consumer price index CPI for November, expected to fall over one month and over one year.
A sign of renewed nervousness among investors, the VIX index, which measures market volatility, rose to its highest level in nearly a month on Monday.
Wall Street is also awaiting, on Wednesday, the decision of the American central bank (Fed) on its key rate.
The operators expect an increase of half a percentage point, less than at the last four meetings, marked by an increase of 0.75 points each time.
But beyond that, the market will mostly expect the Fed to “clarify some things” regarding its trajectory in 2023, according to Andy Kapyrin.
On the bond market, rates rose slightly on Monday. The yield on 10-year government bonds stood at 3.61%, once morest 3.57% on Friday.
On the stock market, Boeing gained ground, driven by press reports of a possible order for 150 737 Max aircraft by Air India, as well as others from United Airlines.
Microsoft (+2.89% to 252.51 dollars) rose following the announcement of a partnership with the London Stock Exchange (LSEG), to which the giant of Redmond (State of Washington) will provide management tools data, analysis and modelling.
As part of this agreement, Microsoft will take 4% of the capital of LSEG.
After a timid rebound on Friday, Tesla continued its slide (-6.27% to 167.82 dollars) and approached its lowest level in a year (166.19 dollars).
The media and television group Warner Bros. Discovery benefited (+1.62% to 11.27 dollars) from its inclusion in the Nasdaq 100 index.
