U.S. stock exchanges closed Monday with 1-2% growth
The leading U.S. stock indices closed on Monday on the plus side. Dow Jones rose 0.88%, S&P 500 rose 1.64% and NASDAQ rose 2.56%. Growth in the U.S. stock exchanges continues for the fourth consecutive session, with indices moving towards September highs. The outcome of the upcoming elections in the USA is beginning to seem less uncertain to investors due to the news that Joe Biden is increasingly detached from the current head of Donald Trump. This is the change in sentiment triggered the active growth of indices last week. The situation around the election will continue to be one of the main factors affecting the dynamics. In addition, this week the players are waiting for the release of corporate reports for the third trimester, hoping to on the fact that the business has managed to improve its financial performance. Analysts previously assumed that the profit of companies from the S&P 500 at the end of the year will be reduced by 25%, but now revised its forecast side up to 20%.