Stock indices in New York rose in hopes of the beginning of economic recovery

US, WASHINGTON (ORDO NEWS) — Key indexes of the New York Stock Exchange on Tuesday showed positive dynamics in the hopes of market participants for a gradual recovery of economic activity, disrupted by the coronavirus pandemic.

As follows from the information on the exchange’s website, immediately after the start of operations, the Dow Jones industrial index grew by 252.94 points (-1.07%), to the level of 24,002.70.

The S&P 500 index, which includes the 500 largest companies in the US market, climbed 28.35 points (1.00%) to reach 2,871.09.

The Nasdaq Electronic Exchange Index rose 94.12 points (1.08%), to 8,804.83 points.

The cost of June WTI crude oil futures at the beginning of operations on the exchange was at the level of $ 23.44 per barrel.

“Investors have confidence that the bottom point of the crisis has been reached and the situation will change for the better,” The Hard Street Journal quoted The Wall Street Journal as saying that MUFG Bank analyst Lee Hardman is still cautious: although the situation is developing in the right direction, it’s active the recovery phase is not yet visible in the short term.”

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