The main indices of the New York stock exchanges rose on Tuesday and the blue chip index Dow Jones rose to its almost new record.
Wall Street stock prices have risen sharply since the beginning of the year after Democrats won the election. Investors have hoped that the victory of the Democrats will back up previous plans to support a larger stimulus package in an economy ravaged by a corona pandemic.
Analysts do not believe U.S. Congress riots or House of Representatives demands to launch process under Appendix 25 of the Constitution by President Donald Trumpin have little effect on the market.
Joe Biden the inauguration is on the 20th, which is next Wednesday.
U.S. 10-year government debt rates have risen sharply over the past five days, prompting some investors to speculate on potential inflationary pressures. They fear the US Federal Reserve will reduce its recovery because of this.
“Nevertheless, economic data do not support the Fed reducing its current stimulus or changing its guidance at its next meeting,” Chief Monetary Policy Economist Robert Eisenbeis Cumberland Advisorsilta writes according to Marketwatch.
Investors are also currently weighing in on how quickly corona vaccines will ease the pandemic and economic situation. In addition, the market is expected to start the earnings season in the last quarter of last year. In the United States, large companies are traditionally opened by banks as a result period.
Walmartin the stock rose 1.1 percent when a retail giant said it would start working with an investment company Ribbit Capitalin to set up a new startup. Ribbit’s share price rose 14.8 percent.
The Dow Jones index rose 0.2 percent, the S&P 500 index remained clear (+ 0.04%) and the Nasdaq index rose 0.3 percent.
The 10-year interest rate on U.S. government debt was quoted at 1.134 percent after the stock market closed. One euro received $ 1.2208.
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