Wall Street up 0.7% on opportunity purchases


US stocks were trading on Tuesday as investors bought low-priced assets after two weeks of turbulence as markets awaited the annual meeting of central bankers to take place this week in Jackson Hole.

The Dow Jones industrial average rose 0.7%; While the S & P500 index gained 0.8%; And the Nasdaq composite index was 1.2%.

Traders in the New York park were clearly betting on purchases, encouraged by the good performance of companies in the technology sector and a recovery in the price of oil.

• Europe

European shares closed higher on Tuesday thanks to good business results, except for Milan. London rose 0.9% to 7,381.74 points; And Paris also rose 0.9% and closed at 5,131.86 points.

In addition, Frankfurt won 1.3% and stood at 12,229.34 points; Madrid rose 0.5% and closed at 10,409.8 points; While Milan lost 0.1%, and finished at 21,729 points.

• Tokyo

The Tokyo Stock Exchange’s Nikkei index fell on Tuesday to close its fifth consecutive day of losses amid tension on the Korean Peninsula, although a sharp rebound in metal stocks helped stabilize the broader market.

The Nikkei dropped 0.1% to 19,383.84 points, after traversing negative and positive territory. The benchmark fell for the fifth straight day to mark its longest streak of losses since April 2016.

Investors were cautious after the United States and South Korea began joint military exercises on Monday, raising tensions with North Korea, which called the trials “a rash step” toward a nuclear conflict.

Deborah Evans

Leave a Reply

Your email address will not be published. Required fields are marked *