UNITED STATES (OBSERVATORY NEWS) — Major US stock indices rose about 1 percent at the open on Tuesday, continuing to recover for the second session of Sadat’s sell-off last week due to the coronary virus, as investor fears subsided after a new intervention from the Chinese central bank.
The Dow Jones industrial average rose 296.93 points, or 1.05 percent, to open at 28,696.74 points, and the S&P 500 index increased by 31.69 points or 0.98 percent to 3,280.61 points, and the Nasdaq Composite Index advanced 124.99 points, or 1.35 percent to 9398.39 points.
This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.
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