Stock markets in the United States rise, bolstered by technology sector values
In a surprising turn of events, U.S. stock markets staged a comeback on Tuesday, with the Dow, S&P 500, and Nasdaq all showing signs of recovery. This rebound came after initial falls due to concerns over weak economic data and the impact of tariffs.
The Dow Jones Industrial Average closed at 27,995.60 points on Tuesday, marking a 0.01% increase from the previous trading day. The S&P 500 and Nasdaq also followed suit, closing at around 3,395 points (+0.48%) and 11,400 points (+1.10%) respectively.
The rise in the indexes was primarily due to a rebound in futures, which had initially fallen amid the aforementioned concerns. Specifically, Dow futures climbed by 114 points (0.26%), S&P 500 futures rose 0.34%, and Nasdaq futures increased by 0.38%.
This recovery came despite a broader market weakness, with the indexes having ended lower for the week. The Dow closed 2.9% down, the S&P 500 2.4%, and the Nasdaq 2.2% for the week, reflecting worries about a possible economic slowdown triggered by new tariffs and weak job gains.
Investor sentiment around Tuesday appeared to improve as futures reversed from earlier declines, possibly reflecting short-term bargain hunting or relief that the worst of the negative reaction might be over.
Meanwhile, the Euro weakened on Tuesday evening, trading at 1.1848 US dollars, showing a decrease of -0.16%. One euro was equivalent to €52.98 per gram for an ounce of gold on Tuesday evening, while the gold price weakened, trading at $1,952.34 (-0.23%).
The photo featured in this article is of Wall Street in New York, provided by dts News Agency.
[1] Source: Bloomberg [2] Source: Reuters
Other investors took this resilience in the stock-market as an opportunity for investing, hoping for further recovery. Despite the ongoing concerns about other finance-related aspects, such as tariffs and weak economic data, this investing wave could potentially lead to a more stable market in the near future.
