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New York Stock Exchanges Started Trading on Wednesday With Gains

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New York stock exchanges started trading on Wednesday with gains. Investors on Wall Street are once again processing a series of company figures.

 

Netflix, Snap, AT&T, Kimberly-Clark and Delta Air Lines, among others, opened the books. The oil market also attracted attention again. After the sharp price drops in recent days, oil prices are now rising sharply again.

Shortly after the opening bell, the Dow-Jones index was 1.9 percent higher at 23,458 points. The broad-based S&P also gained 1.9 percent, to 2,788 points, and tech fair Nasdaq increased 2.1 percent to 8437 points.

Video streaming service Netflix saw steady growth in the number of users who also watched longer. The American company, however, could only take limited advantage of this due to the strong dollar and also had to incur costs because the filming of new productions was halted.

In addition, Netflix warned that some of the new viewers might drop out if the restrictive corona measures are phased out. The share dropped about 3 percent.

Snap, the parent company of chat app Snapchat, also saw the number of users increase as people are sitting at home looking for other ways to keep in touch with family and friends. Investors were enthusiastic about this company and put Snap almost 25 percent higher.

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