Saturday, February 24

The Stock Exchanges in New York Opened Higher on Tuesday

The stock exchanges in New York opened higher on Tuesday, building on the good gains from the day before.


Sentiment on Wall Street is supported by strong macroeconomic data from China, among other things.

In addition, investors’ gaze is on the US central bank umbrella, the Federal Reserve, which begins its two-day policy meeting on Tuesday.

The Dow Jones index gained 0.7 percent in the first trading minutes at 28,192 points. The broad-based S&P 500 rose 0.9 percent to 3,413 points, and the Nasdaq tech exchange rose 1.1 percent to 11,185 points.

No changes are expected in the policy of the US central bank. Investors will therefore be especially curious about the explanation of Fed chairman Jerome Powell on Wednesday.

Particular attention will be paid to comments about new steps that the Fed can take against the corona crisis.

Technology giant Apple is in the spotlight with a plus of 2.1 percent. Apple is holding a virtual event later in the day, which is expected to showcase new smartwatches and iPads, but not new iPhones.

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