While the Dax and Nasdaq 100 are back on course to test previous highs, the Dow is still stabilising after the sharp drop it suffered last week.
The index made headway on Monday as it continued on course to return to the recently established all-time highs. The utilities, food and beverages, and chemicals sectors all made gains. Hints of rate cuts over the summer by the ECB helped to lift the mood.
US markets were closed for Memorial Day on Monday, and the Dow continues to linger around the low established last week.The index had dropped sharply on Thursday after more bad news for Boeing, leading to the worst day for the index in a month. All 30 components fell for the first time since 20 December.
Buoyed by Nvidia’s earnings, the Nasdaq 100 was able to shrug off the Thursday wobble, unlike the Dow, and it pushed higher into the end of the week.
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