The US stock markets closed the first session of the week with significant increases, as the index Dow Jones Industrial Average terminate its five consecutive negative sessions. The boost of the investor confidence gave the relatively peaceful vote in the referendum in the Crimea, as well as positive economic reports from USA. Dow Jones added 1.13% to reach a value of 16,247.22 points. The technological index Nasdaq Composite grew with 0.81% to 4,279.95 points, while the wide S&P 500 extended with 0.96% to 1,858.83 points.
In view of the increasing possibility for expansion of the war in Ukraine, the fear index VIX, known officially as the CBOE Volatility Index, rose 11% on Monday to 15.86 points.
Earlier in the day, President Barack Obama imposed sanctions against Russian officials after a day earlier the voters in the Crimea region decided to join Russian Federation. The move of Obama move came after the European Union announced travel bans and freezing of assets of 21 Russian and Ukrainian citizens.
On the economic front, the industrial production in USA in February rose with 0.6% compared with January. The growth rate turned out to be the fastest in the last half year. In comparison, the experts predicted a rise of 0.2%. The market participants expect the regular meeting of central bankers at the Fed. The meeting begins on Tuesday and it is expected the institution to continue the current course of monetary policy and to shrink the monthly incentives by 10 billion USD.
In the corporate sector the market capitalization of United Technologies expanded with 1.58% after falling sharply late last week caused by the weak quarterly report. The shares of Hertz Global Holdings grew with 4.79%, as earlier in the day appeared information that the car rental company can sell its business for equipment rental.
The USD lost positions in the major cross rates. The yields on 10-year government bonds added 0.049% points to 2.694%.
Traded on the New York Stock Exchange crude oil futures with April delivery fell with 1.09% to 97.49 USD per barrel. The April contracts on gold dropped with 0.88% to 1,366.90 USD per ounce.