Stanley Druckenmiller, chairman and CEO of Duquesne Family Office, said: "Obviously, the excitement of reopening has revived many companies hit hard by the COVID-19 incident. With the Fed's funds, especially vaccines, the news in this regard is very, very good. " The unexpected surge in non-farm jobs in the United States also pushed the Wall Street stock market higher.

Due to optimism about the economic restart, the US stock market rose on Monday after a week of sharp gains. The three major stock indexes all rose more than 1%. Dow closed up 1.7%, Nasdaq closed up 1. 1.03%, and S&P index closed up 1.20%.

It is worth mentioning that Nasdaq broke through 9900 points for the first time in history, rising to 9927. 13 points at the highest, setting an intraday high, and has risen by more than 10.6% this year! The Dow Jones index has risen nearly 50% from the bottom of the fuse, and the S&P 500 is less than 5% from the all-time high.

Extended data

Fed expands "main street" rescue plan

On June 9, the Federal Reserve announced the expansion of the "Main Street" rescue plan on Monday, saying that it had relaxed the terms and allowed more enterprises to participate.

On Monday, the Federal Reserve said it would lower the initial minimum loan amount, raise the maximum loan amount and extend the loan repayment period to five years. The plan is part of the Federal Reserve's efforts to help small businesses during the economic recession triggered by the COVID-19 epidemic.

According to the new guidelines, the minimum loan amount of ordinary enterprises is reduced from the previous $500,000 to $250,000, and the maximum loan amount varies from enterprise to enterprise, but it may increase from the previous $200 million to $300 million.

The Federal Reserve said that the "Main Street" project for qualified lenders will be opened soon. Jerome Powell, chairman of the Federal Reserve, said in a statement on Monday: "Supporting small and medium-sized enterprises to prepare for reopening and hiring workers will help promote a broad economic recovery. I believe that the changes we are making will improve the ability of the plan to support employment in this difficult period. "

In addition to changing the loan scale, the Fed also extended the repayment period from four years to five years, and adjusted the principal repayment plan from the previous year to two years later. The Fed also said that it is working on a rescue plan for non-profit organizations.

China Economic Net-US stocks rose again: Dow Jones rebounded by nearly 50%.