Wall Street Opens Higher, Benefiting From the Respite in Interest Rates
2 Articles
2 Articles
The local market opens with green numbers, as there is an increase of 0.33 percent for the main index of the Mexican Stock Exchange.
Around 2:10 PM GMT, the Dow Jones was up 0.45% and the broader S&P 500 index was up 0.30%. Only the Nasdaq, more heavily weighted towards technology stocks, was in the red (-0.28%). In pre-market electronic trading, the trend was rather cautious. But the stock indices gained momentum after the US Treasury Department announced its intention to at least double the volume of bond purchases, particularly of long-term bonds (10 to 30 years). In shor…
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