The growth of shares of financial companies on Tuesday contributed to the increase in US stock indices for the fourth consecutive session.
US stock markets recovered after a sharp fall in the middle of last week, which arose because of concerns that political conflicts in Washington could hamper the implementation of President Donald Trump’s program. According to some analysts, in recent sessions these fears have softened due to strong corporate results and high fundamental economic indicators.
Nd Industrial Average increased by 43.08 points, or by 0.2%, to 20937.91 points. The S & P 500 rose 4.4 points, or 0.2%, to 2398.42 points, Nasdaq Composite gained 5.09 points, or 0.1% to 6,138.71 points.
Financial companies were leading the S & P 500. Morgan Stanley shares rose by 76 cents, or 1.8%, to $ 42.42, while Goldman Sachs Group rose by $ 3.62, or 1.7%, and $ 219.64 .
The yield of 10-year US government bonds, according to Tradeweb, rose to 2.285% from 2.254% on Monday.
European index Stoxx Europe 600 rose by 0.2% due to the growth of shares of technology companies and banks. Investors as a whole abstracted from the news of the explosion in the UK concert hall.
At the time of writing, the British pound fell to the dollar by 0.3%. At the same time, the initial purchases of such assets, such as state bonds, slowed down already during the morning part of the European session.
On Asian stock exchanges, the decline was predominant. Chinese Shanghai Composite fell by 0.4%. The Japanese Nikkei Stock Average lost 0.3%.