STOCK EXCHANGE: S&P and Nasdaq continue to open at record levels ahead of Powell’s speech

The news supply at the beginning of the week has been thin, but in New York the stock market indices have set new records on consecutive days. The S&P 500 and Nasdaq indexes have been rising for five consecutive days before Tuesday.

Today, Tuesday, the broad S&P 500 was up 0.2 percent after a few minutes of trading. The techno-oriented Nasdaq was up 0.3 percent and the Dow Jones index was down 0.2 percent.

In the market, indices were especially driven by techno stocks. Nvidia’s the share price was up 2.2 percent shortly after the market opened. Intel’s the share price was up 3.0 percent.

Fed chief Jerome Powellin after the speech starting at 5 p.m., investors are waiting for the inflation figures to be announced on Thursday and the opening of the earnings season. A number of banks will announce their second quarter results on Friday.

By Editor

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