The market-wide S&P 500 rose on Tuesday by 0.63 percent to 3301.74 points. The technology-heavy Nasdaq 100 gained 1.23 percent to 11,115.35 points.
“The initial panic has subsided, but not the risk of a lockdown,” said analyst Craig Erlam from broker Oanda Europe. The daily number of corona infections increased, which is why there were increasing restrictions in public life.
The US housing market is continuing its strong recovery in the wake of the Corona crisis. Sales of existing houses rose 2.4 percent in August compared to the previous month, as the National Association of Realtors (NAR) announced on Tuesday in Washington.
Nikola shares rebounded somewhat from their 17 percent drop the day before, up 3.7 percent. The hybrid truck developer came under pressure on Monday after allegations of misleading investors. The company’s boss and founder, Trevor Milton, announced his resignation. According to media reports, the US Securities and Exchange Commission and the Justice Department are now investigating alleged false information.
The Tesla papers were the bottom of the Nasdaq 100 index with a loss of 4.1 percent. The US electric car maker is holding its annual general meeting this Tuesday. Afterwards, company boss Elon Musk wants to present technical innovations at the so-called “Battery Day”. In contrast, the Amazon stocks recovered by 4.4 percent, making them the front-runner in the Nasdaq 100.
After the closing bell on Wall Street, Adidas competitor Nike presents figures for the past fiscal quarter. A week ago, the sporting goods manufacturer’s share hit a record $ 120.48, from which it has since fallen a little. Most recently, Nike was listed as the top value in the Dow, 2.7 percent higher at 116.38 dollars./edh/fba
(AWP)
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