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On Wednesday, the three key indices of the American stock market tacked on following the volatile session on Tuesday, while market participants were waiting for the beginning of the reporting season, with the S&P 500 soaring above the key support level as well as Amazon securities strengthening amid hopes that the US president's criticism addressed to the company won’t provoke changes in regulation.
The Dow Jones concluded the trading session with a rise of about 1.65% hitting 24.033.36, the S&P 500 index managed to acquire 1.26% reaching 2.614.45, while the Nasdaq Composite index gained 1.04% being worth 6.941.28.
Additionally, the technological sector S&P 500 completed the session with a 1% leap.
Equities of Amazon lent the greatest support to the Nasdaq index. The White House said it didn’t take any action, although Trump kept criticizing the online retailer, as follows from a report by Bloomberg.
Market participants told that they focused on the technical levels of the indices. The S&P 500 overcame the 200-day moving average about an hour before the end of Tuesday's trading session. Moreover, it stood higher up to the end of the session.
Tesla Inc climbed up 6% because the manufacturer of electric vehicles told it no longer required capital increase in 2018 and also reported high production figures for the Model 3 cars.
In addition to this, equities of Viacom Inc. headed south about 3.7% right after Reuters reported that CBS Corp is on the verge of making an offer to purchase a media company below its current market value. As a matter of fact, CBS equities tacked on 4.2%.
Wall Street market experts actually expect revenues of companies included in the S&P 500 index to inch up 18.4% in the first quarter, as Reuters revealed.
On Monday, US stocks surged because dives in Boeing and Facebook held profits in check and traders closely watched this week's Fed gathering for affirmation of the major financial institution’s commitment to patient monetary stance…
On Friday, European equities went up, breaching a five-month maximum recorded yesterday because market participants cheered upbeat signals over US-China trade negotiations and after British lawmakers underpinned a delay of a chaotic departure from the EU…
On Friday, Asian equities surged because market sentiment got better on a report that more progress has been achieved in US-China trade negotiations and after British lawmakers decided to postpone a potentially chaotic departure from the European bloc…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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