PARIS (Reuters) – The New York Stock Exchange rose at the start of trading on Wednesday, driven among other things by the rebound in oil prices and the rise in semiconductor giant Intel after the announcement of a 20 billion investment dollars.
A few minutes after the start of trading, the Dow Jones index gained 201.22 points, or 0.62%, to 32,624.37 points, the Standard & Poor’s 500 rose 0.48% to 3,929.26 points and the Nasdaq Composite takes 0.32% to 13,269.96 points.
Intel gained 3.47% after the announcement of its intention to build two new factories in the United States, a news which benefits the equipment manufacturers of the sector: Applied Materials takes 7.54% and Lam Research 5.43%.
Oil companies benefit from the rebound in oil prices after a drop of more than 5% on Tuesday: Chevron wins 1.64% and Exxon Mobil 2.51%.
Investors will react during the session following the Congressional hearings of Jerome Powell, Chairman of the Federal Reserve, and Janet Yellen, Secretary of the Treasury.
(Marc Angrand, edited by Patrick Vignal)
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