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New York Stock Exchange Opened Above Expectations

new york stock exchange opened above expectations

The stock markets in the USA have been in a downward trend for some time. The FED‘s interest rate rumors, the global crisis and the war between Ukraine and Russia played a major role. The New York Stock Exchange opened with gains on the first day of the week.

Opening Was Positive

The forecasts for the New York Stock Exchange were below expectations. For this reason, although the rise came to the fore on the last day of the week, it was certain that this moderate performance would be replaced by a decline on the first day. Contrary to expectations, the first day of the week saw a rise.

Dow Jones Industrial Green

With the opening bell, the Dow Jones Industrial Average rose 0.22 percent, or over 70 points, to 33,076.33 points. It can be seen that the industrial products numbers, which have been declining for some time, found a response again in the form of an increase. In addition, the S&P 500 index rose 0.42 percent to 3,998.02 points and the Nasdaq index reached another line with a gain of 0.54 percent to 11,524.65 points.

new york stock exchange opened above expectations

Seen As A Sign Of New Upswing

While the first trading day of the week started well, bond yields, which had risen on expectations that the U.S. Federal Reserve (Fed) would keep interest rates high for a long time, fell slightly. In addition, the rise on the first trading day of the week is generally considered to be extremely positive for the New York Stock Exchange. As a result, many companies, especially in the industrial sector, are expected to give the green light.

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