NEW YORK (dpa-AFX) – After the clear gains at the start of the week, the Dow Jones Industrial continued its upward movement on Tuesday, initially at a slower rate. The leading index advanced 0.18 percent to 28,197.96 points in early trading. For the market-wide S&P 500, however, it went down 0.11 percent to 3404.88 points. The technology-heavy Nasdaq 100 lost 0.54 percent to 11,447.17 points.
The day before, the courses had risen sharply and thus reacted to the improving state of health of the US President Donald Trump, who had the coronavirus and who has since left the hospital and returned to the White House. Trump’s doctors have not yet given the all-clear: The president is “not yet over the mountain”. The bulls on the stock market are currently being curbed by this cautious assessment, commented analyst David Madden of CMC Markets UK.
The chances of an agreement between Republicans and Democrats for a new, trillion dollar US stimulus package have meanwhile increased somewhat. Treasury Secretary Steven Mnuchin and Speaker of the House, Nancy Pelosi, discussed detailed issues on Monday and intend to continue on Tuesday. “A deal would be music to the ears of investors and could give the share rally, which is now on rather shaky legs, a decent boost,” believes market analyst Milan Cutkovic of the trading house Axi./ajx/he
Source: dpa-AFX
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