Saturday, February 24

The Stock Exchanges in New York Opened Higher on Wednesday

The stock exchanges in New York opened higher on Wednesday. Investors on Wall Street seem to be counting on the advent of corona vaccines to bring about a faster-than-expected rebound in the economy.

 

Shortly after opening, the Dow Jones index was up 0.3 percent at 29,515 points. The broad S&P 500 gained 0.6 percent to 3566 points, and the technology gauge Nasdaq rose 1.2 percent to 11,760 points.

Trade may be slightly thinner on Wednesday. It’s Veterans Day in the United States. As a result, there are, for example, no new macro-economic figures to process.

Alibaba is in the spotlight for Singles Day. At the bargain festival in China, the online store group already managed to sell more than $ 70 billion worth of items. The Alibaba share fell almost 10 percent.

There is also attention for the Lyft taxi app. This rival of Uber has announced in its quarterly figures that it is working on a new service. Like Uber, Lyft is also looking to get a slice of the fast-growing food delivery market.

The corona crisis again weighed heavily on the results of Lyft, which saw sales roughly halve compared to a year earlier. The figures were better than expected, and Lyft was set 5 percent higher.

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