The Stock Exchanges in New York Started the New Trading Day With Pluses
The stock exchanges in New York started the new trading day on Wednesday with pluses.
Investors on Wall Street dealt with, among other things, the chaotic election debate between President Donald Trump and his Democratic challenger Joe Biden. In addition, better than expected labour market figures were published.
The leading Dow Jones index rose 0.7 percent to 27,644 points in early trading. The wide S&P 500 thickness was 0.4 percent to 3349 points, and tech gauge Nasdaq gained 0.2 percent to 11,110 points.
The US media received the first election debate between Trump and Biden as a chaotic and hard fight. The two ruffs exchanged insults several times. Trump ran into hard not only with Biden but also with debate leader Chris Wallace because of his many interruptions. There was no clear winner.
Furthermore, figures from payslip processor ADP showed that employment in the American business sector increased faster than expected in September. ADP’s data anticipates the monthly job report the government will release on Friday.
It also turned out that the contraction of the US economy in the second quarter was slightly less than previously estimated. Nevertheless, there was a decline of 31.4 percent.
Among the companies, attention is paid to Walt Disney, which lost 0.8 percent. The entertainment and media company is firing some 28,000 employees from its US theme parks.
These people were already at home temporarily because the parks have been closed for some time due to the corona crisis or hardly attract any visitors.