Tuesday, April 13, 2021
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Home Business New York stock market opens with a rise

New York stock market opens with a rise



New York stock market started the day with a rise.

At the opening, the Dow Jones index was traded at 32,142.92 points, up 0.23 percent. The S&P 500 index rose 0.28 percent from 3,969.61 points and the Nasdaq index increased by 0.61 percent to 1,124.49 points.

Indices, which completed the day with a decline yesterday due to the rise in bond yields, followed a positive course before the infrastructure package expected to be announced by US President Joe Biden.

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Biden is expected to announce an infrastructure and economic recovery package worth more than $ 2 trillion today. In the news in the US press, it is noted that the corporate tax will be increased to 28 percent to finance the plan.

The course of bond yields continues to maintain its place in the focus of the markets. The 10-year bond interest rates of the USA, which rose again and climbed to 1.77 percent yesterday, reaching the highest level since January 2020, are hovering around 1.73 percent today.

On the other hand, according to the data released today in the USA, private sector employment increased by 517 thousand people in March, the fastest increase since September 2020. Despite this increase, private sector employment, which remained below market expectations, was expected to increase by 550 thousand.

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