Major US stock indices rose at the start of trading, with yields and sales in US Treasury bonds declining on Tuesday, while General Electric and Coca-Cola shares rose amid optimistic expectations.
Stock movements
The Dow Jones Industrial Average rose by 153.23 points, or 0.47 percent, to reach the level of 33,089.64 points.
The Standard & Poor’s 500 index also rose by 18.75 points, or 0.44 percent, to 4,235.79 points.
The Nasdaq Composite Index rose by 66.67 points, or 0.51 percent, to 13,084.99 points.
The main indices on Wall Street declined at the beginning of the week’s trading, Monday, with the yield on the standard ten-year US Treasury bonds reaching the level of five percent, which is July 2007 levels, while investors await the business results of the largest technology companies in the world and important economic data.
The surge in yields on 10-year Treasury bonds, seen as a safe haven in times of economic uncertainty and a benchmark for borrowing costs around the world, was driven by investors pricing in stronger US growth as well as financial downturns.
2023-10-24 14:14:56
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