Key Wall Street indexes are moving upwards on Tuesday, reacting after the losses of the previous days, with investors drawing optimism from the Biden government plan to deal with the new wave of the pandemic, led by the omicron mutation.
The news that the Senate will hold a vote on the $ 2 trillion plan in January also gave a boost to investment psychology. of President Biden for an investment package aimed at boosting the economy, despite objections from Democratic Sen. Joe Manchin that led to a stalemate in the negotiations.
According to a Bloomberg report, Mancin and Biden spoke again on Sunday, which leaves the door open for new talks in order to reach an agreement.
Indicators – Statistics
On the board, the industrial Dow Jones gained 258.09 points or 0.74% to 35,190.25 points, while the broader S&P 500 adds 28.12 points or 0.62% to 4,596.03 points. The technological Nasdaq is up 93.23 points or 0.63% at 15,075.64 points.
Of the 30 stocks that make up the Dow Jones industrial average, 22 are moving with a positive sign and eight with a negative. The biggest gains are made by Nike with gains of $ 9.57 or 6.10% at $ 166.55, followed by Boeing at $ 194.56 with gains of 3.23% and American Express at $ 159.12. with an increase of 2.07%.
The three stocks with the biggest losses are Merck & Co. (-1.75%), Home Depot (-0.62%) and Johnson & Johnson (-0.62%).
The upward reaction of the indices today follows a barrage of pressures in the previous days, with the S&P 500 retreating for the third consecutive session on Monday amid fears created by its rapid spread of micron in dozens of countries.
Investors are trying to assess the impact of the highly contagious shift in the economic recovery, as central banks begin withdrawing stimulus measures to tackle the inflation rally.
The Biden government is expected to announce today its plans to tackle the latest wave of the pandemic with the free distribution of 500 million diagnostic tests, while at the same time federal government emergency teams will be deployed in six states facing the biggest problem. The government is expected to deploy military personnel to support hospitals.
The US president in a speech today will call on Americans who have not yet been vaccinated to do so as soon as possible, once again warning those who have not been vaccinated about the dangers of the latest wave of the pandemic.
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I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
