Monday, February 26

The Stock Exchanges in New York Started With Losses on Wednesday

The stock exchanges in New York mainly started with losses on the new trading day on Wednesday.


Investors on Wall Street responded, among other things, to a disappointing job report from payslip processor ADP.

Shortly before the opening bell, that caused a reversal in sentiment. Earlier, a higher opening seemed in the works after comments from President Joe Biden, who said the United States would have enough corona vaccine on hand to vaccinate all adults in the country by the end of May.

The leading Dow Jones index was 0.1 percent higher in early trading at 31,430 points. The broad S&P 500 fell 0.3 percent to 3858 points, and tech gauge Nasdaq lost 0.8 percent to 13,257 points. The ADP report found that corporate employment growth in February was less than expected. The increase was also less than a month earlier.

The day before, the indicators turned green due to the political developments surrounding the aid package worth 1,900 billion dollars. It is up to the Senate to approve the emergency aid in the majority. Large banks such as Goldman Sachs, Bank of America and Morgan Stanley remained on the good side of the score on Wednesday with profits of up to 2 percent.

A barrel of American oil became 1.8 percent more expensive at $ 60.84. Brent oil rose 1.6 percent to $ 63.70 a barrel. The euro was worth USD 1.2054, compared to USD 1.2077 at the close of the European stock exchanges.

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