Wall Street opened green Tuesday and the Dow Jones Industrials, its leading indicator, was up 1.26% as plans to reopen in various parts of the United States continued to cheer investors up.
Five minutes after the start of operations on the New York Stock Exchange, the Dow gained 304.87 points to 24,438.65, while the selective S&P 500 rose 1.20% or 34.60 integers to 2,913.08.
For its part, the Nasdaq composite market index, on which the main technology companies are trading, advanced 0.97% or 84.71 units to 8,814.87.
The New York parquet floor continued this Tuesday with the optimism of the previous day, when it ended with slight gains driven by the de-escalation of plans to contain the coronavirus and the progressive reopening of the US economy.
Several states in the country have begun to reopen small businesses and relax containment measures, although some of the great economic engines such as New York, the great epicenter of the pandemic, still have a long way to go to resume a certain normality.
If the trend continues until the closing, the Dow Jones would chain five days in a row in green for the first time since January, although several analysts warn that the market may fall again in the coming days if the operators determine that the prices have been underestimated. effects of the pandemic on the economy.
With the exception of the sanitary sector, which fell slightly, all sectors of Wall Street registered gains at the opening, led by the financial sector, which gained almost 3%, the industrial and the raw materials sectors.
Boeing, which has suffered significant setbacks in recent months, led this day the rises among the thirty values of the Dow Jones, with an increase of 5%, followed by 3M, which gained 4.71% after announcing that in the first quarter of the year it won 1,294 million dollars, 44.9% more than in the same period of 2019 thanks to the significant increase in the demand for personal security products, such as the N95 masks, which it has experienced in the midst of the COVID pandemic- 19.
On the other hand, the decreases of Merck (-3.84%), Pfizer (-1.71%) and Johnson & Johnson (-1.28%) stood out.
At this time, West Texas Intermediate (WTI) contracts for June delivery continued to drop, around 3%, putting the barrel at about $ 12.41, due to lack of storage worldwide and oversupply.
In other markets, gold fell to $ 1,722.9 an ounce, the yield on the 10-year Treasury bond fell to 0.635% and the dollar lost ground against the euro, with a change of 1,085.