The Stock Exchanges in New York Opened With A Profit on Wednesday
The stock exchanges in New York were opened with a profit on Wednesday. Concerns about the new coronavirus ebb away from investors and the view of Wall Street is now primarily focused on quarterly results from companies.
The Dow-Jones index scored 0.7 percent higher on 29,490 points shortly after the start. The broad-based S&P 500 climbed 0.6 percent to 3376 points, and technology-grade meter Nasdaq advanced 0.7 percent to 9706 points.
Federal Reserve Chairman Jerome Powell reappears in the US Congress to testify about the monetary policy of the umbrella of central banks in the United States. On Tuesday, Powell said he thought the current interest rate policy was appropriate and that the Fed is keeping a close eye on the economic impact of the coronavirus.
Uber competitor Lyft generated more than $ 1 billion in revenue in the fourth quarter of last year, considerably more than a year earlier. But the company behind the taxi app of the same name, which is only active in North America, anticipates slower growth for 2020. The Lyft share fell by more than 7 percent.
Home decorator Bed Bath & Beyond plummeted almost 25 percent, following the announcement of disappointing sales figures in December and January.
Cruise company Carnival said the coronavirus would impact its results. The share nevertheless rose 2 percent.
Other companies that opened the books included health service provider CVS Health, beer brewer Molson Coors Brewing Company, pharmaceutical company Teva Pharmaceutical, gold producer Barrick Gold, the trader in agricultural products Bunge and credit rating agency Moody’s.
