The U.S. stock market, which ended in decline on Monday, opened close to closing readings on Monday.
Of the key indices, the Dow Jones was down 0.1 percent after a quarter of trading, the broad S&P 500 was at yesterday’s level and the technology-focused Nasdaq was up 0.3 percent.
The stock market rose rapidly to its new highs at the beginning of the year. One of the key drivers was the so-called color straightness of the Democrats in the United States. Joe Biden will soon begin as president of the United States, and Democrats will have a majority in addition to the Senate and House of Representatives of Congress. The strengthening of the power of the Democrats strengthened investors’ expectations for a future interest rate recovery.
According to market commentators, investors are also currently weighing in on how quickly interest rate vaccines bring relief to a pandemic-stricken economy. Vaccine news from the end of last year brought relief to the market, but the effectiveness of vaccine distribution has varied across the world’s economies.
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. In Finland, the profit period will start on Friday of this week with a software company specializing in ERP systems Admicom.
Source: Arvopaperi by www.arvopaperi.fi.
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