(Reuters) – The New York Stock Exchange opened slightly higher on Tuesday, still driven by hopes that interest rates will fall fairly quickly next year in the United States.
At the start of a shortened week stuck between the Christmas and New Year weekends, the Dow Jones index gained 56.78 points in the first exchanges, or 0.15%, to 37,442.75 points.
The broader Standard & Poor’s 500 rose 0.10% to 4,759.52 points.
The Nasdaq Composite takes 0.23%, or 33.87 points, to 15,026.84.
Many speakers being on vacation, volumes should be low throughout the week, especially as the agenda is particularly poor with only unemployment registrations expected on Thursday.
Wall Street should therefore maintain the momentum which allowed it to string together eight consecutive weeks of increases, an unprecedented series since the end of 2017 for the S&P-500, the reference for investors, which returned to less than 1% of its closing record of January 2022.
At individual values, Intel is up 2% following the Israeli government’s subsidy for a new chip assembly plant in southern Israel, a $25 billion project.
(Written by Shubham Batra and Amruta Khandekar in Bangalore, Bertrand Boucey)
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