The US stock markets cautiously started trading on Tuesday. Tech stocks rebounded somewhat from Monday’s heavy losses.
Attention on Wall Street turned toward earnings season, giving investors insight into the health of corporate America.
The leading Dow Jones index fell 0.2 percent to 30,956 points. The broad-based S&P 500 rose a fraction to 3801 points, and tech exchange Nasdaq gained 0.5 percent to 13,096 points.
Investors still seem optimistic about the chances of more corona support for the US economy if new president Joe Biden replaces Donald Trump next Wednesday. They are shaking off risks of new violence in the run-up to Biden’s inauguration and a possible political divide due to Trump’s new impeachment.
In the business area, supermarket chain Albertsons was in the spotlight. That company raised its expectations for profit and revenue growth after online sales skyrocketed due to the coronavirus’s resurgence. The share rose 4.7 percent.
Walmart was put up 1.3 percent. The department store chain announced that it is setting up a new fintech start-up together with Ribbit Capital. Ribbit stock was worth nearly 11 percent more.