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All three leading stock indices rose from the start, continuing the rise throughout the trading day.
At the close, the Dow Jones industrial average closed at 1.43 percent. The broad S&P 500 index ended up two percent, while the technology-heavy Nasdaq ended up as much as three percent.
Nasdaq thus had its best trading day since March this year, reports CNBC.
It happens on a good day on the world stock exchanges. The main index on the Oslo Stock Exchange ended with a rise of 2.5 percent on Tuesday.
Tek shares in the wind
So it was the technology index Nasdaq that had the best day on Wall Street on Tuesday. Intel, which produces microprocessors, rose more than three percent, after it became known that the company plans to list its investment in self-driving cars, Mobileye.
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Earlier Tuesday, it was announced that Morgan Stanley has raised its price target for Apple to $ 200 per share from $ 164 per share. According to Bloomberg, the brokerage house is positive about the company’s investment in new product categories within VR (virtual reality) and autonomous vehicles. Apple shares rose 3.54 percent.
The tech giants Microsoft and Amazon also rose over two percent on Tuesday.
After a slight decline on Monday, Tesla shares are rising again. The stock ended with an increase of 4.24 percent.
Moderate concern over omicron
At closing on Monday, the US main indices had the indices brought in much of the fall from Friday last week.
The stock markets in the USA were on the verge of another good day on Tuesday in line with developments internationally. Concerns about the severity of the omicron virus variant seem to be easing somewhat and China has promised to come up with measures to support economic growth, according to TDN Direkt.
– There is a markedly more constructive tone in global markets. The underlying message is that the panic at the exit door for risk assets last week was an overreaction, says chief economist Simon Ballard of First Abu Dhabi Bank to Bloomberg News.
On Sunday, the White House’s infection control adviser Anthony Fauci stated that the first data on the omicron variant is “encouraging”, according to CNBC. He is also said to have stated that although it is still too early to comment on the outcome of the omicron outbreak, it does not appear that there is a great degree of seriousness in it.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases using a link, which leads directly to our pages. Copying or other use of all or part of the content may only take place with written permission or as permitted by law. For additional terms look here.
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